Peak Financial Advisors LLC Raises Holdings in PulteGroup, Inc. (NYSE:PHM)

Peak Financial Advisors LLC increased its position in PulteGroup, Inc. (NYSE:PHM) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,946 shares of the construction company’s stock after acquiring an additional 241 shares during the quarter. PulteGroup comprises 1.6% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Peak Financial Advisors LLC’s holdings in PulteGroup were worth $2,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of PulteGroup during the fourth quarter worth $6,111,000. Stratos Wealth Partners LTD. boosted its holdings in PulteGroup by 47.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,894 shares of the construction company’s stock valued at $1,021,000 after purchasing an additional 3,163 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PulteGroup by 60.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,294 shares of the construction company’s stock worth $10,662,000 after buying an additional 38,911 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in PulteGroup during the fourth quarter valued at $235,000. Finally, Bleakley Financial Group LLC increased its stake in PulteGroup by 15.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,374 shares of the construction company’s stock worth $348,000 after acquiring an additional 445 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Trading Up 0.7 %

PulteGroup stock traded up $0.89 during mid-day trading on Friday, reaching $123.02. 1,564,136 shares of the company traded hands, compared to its average volume of 2,449,465. The firm’s 50 day moving average price is $116.63 and its 200 day moving average price is $113.06. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $135.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.51 and a beta of 1.61.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the business posted $3.00 earnings per share. PulteGroup’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts anticipate that PulteGroup, Inc. will post 12.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the completion of the transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PHM shares. JPMorgan Chase & Co. upped their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Barclays upped their target price on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Bank of America raised their price target on PulteGroup from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Oppenheimer raised their price objective on PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.14.

PulteGroup Company Profile

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.