Caitlin John LLC Sells 8,902 Shares of PulteGroup, Inc. $PHM

Caitlin John LLC trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 56.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,873 shares of the construction company’s stock after selling 8,902 shares during the quarter. Caitlin John LLC’s holdings in PulteGroup were worth $707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC raised its stake in shares of PulteGroup by 20.5% during the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock worth $1,582,000 after buying an additional 2,613 shares during the last quarter. Vest Financial LLC raised its stake in shares of PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock worth $32,148,000 after buying an additional 290,564 shares during the last quarter. Hudson Capital Management LLC raised its stake in shares of PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock worth $4,246,000 after buying an additional 3,266 shares during the last quarter. NBC Securities Inc. raised its stake in shares of PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock worth $534,000 after buying an additional 5,190 shares during the last quarter. Finally, Reyes Financial Architecture Inc. raised its stake in shares of PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after buying an additional 228 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oppenheimer boosted their price target on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research note on Wednesday, August 13th. Royal Bank Of Canada upped their target price on shares of PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Finally, UBS Group upped their target price on shares of PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.31.

PulteGroup Stock Up 5.6%

PulteGroup stock opened at $132.3530 on Friday. The stock has a market capitalization of $26.11 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.37 and a beta of 1.22. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $114.30 and a 200-day moving average of $106.30.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.83 earnings per share. On average, equities research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.