2017 Q3 Sentiment Pultegroup Inc (NYSE:PHM)

January 14, 2018 - By Linda Rogers

  2017 Q3 Sentiment Pultegroup Inc (NYSE:PHM)

Sentiment for Pultegroup Inc (NYSE:PHM)

Pultegroup Inc (NYSE:PHM) institutional sentiment decreased to 0.76 in 2017 Q3. Its down -0.15, from 0.91 in 2017Q2. The ratio worsened, as 167 funds increased or started new stock positions, while 220 cut down and sold their holdings in Pultegroup Inc. The funds in our partner’s database reported: 244.94 million shares, down from 249.89 million shares in 2017Q2. Also, the number of funds holding Pultegroup Inc in their top 10 stock positions increased from 6 to 8 for an increase of 2. Sold All: 33 Reduced: 187 Increased: 121 New Position: 46.

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $10.14 billion. The firm is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It has a 17.07 P/E ratio. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

The stock decreased 0.12% or $0.04 during the last trading session, reaching $34.48. About 2.47M shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since January 14, 2017 and is uptrending. It has outperformed by 13.32% the S&P500.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on January, 25. They expect $0.84 earnings per share, up 25.37 % or $0.17 from last year’s $0.67 per share. PHM’s profit will be $246.93M for 10.26 P/E if the $0.84 EPS becomes a reality. After $0.60 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 40.00 % EPS growth.

Wilsey Asset Management Inc holds 7.28% of its portfolio in PulteGroup, Inc. for 414,403 shares. Greenbrier Partners Capital Management Llc owns 1.20 million shares or 6.61% of their US portfolio. Moreover, Winslow Asset Management Inc has 3.62% invested in the company for 683,561 shares. The New York-based P.R. Herzig & Co. Inc. has invested 3.58% in the stock. Maryland Capital Management, a Maryland-based fund reported 743,533 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $7.21 million activity.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Ratings analysis reveals 27% of PulteGroup’s analysts are positive. Out of 22 Wall Street analysts rating PulteGroup, 6 give it “Buy”, 2 “Sell” rating, while 14 recommend “Hold”. The lowest target is $15 while the high is $38. The stock’s average target of $28.64 is -16.94% below today’s ($34.48) share price. PHM was included in 61 notes of analysts from September 11, 2015. Wedbush upgraded PulteGroup, Inc. (NYSE:PHM) on Thursday, July 13 to “Neutral” rating. The firm has “Buy” rating by Bank of America given on Tuesday, June 27. As per Monday, April 4, the company rating was downgraded by KeyBanc Capital Markets. As per Wednesday, April 26, the company rating was maintained by Wedbush. The firm earned “Underweight” rating on Tuesday, October 13 by Morgan Stanley. Bank of America maintained it with “Buy” rating and $34 target in Wednesday, October 25 report. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, April 5 report. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Neutral” rating by JP Morgan on Friday, September 11. The firm earned “Hold” rating on Tuesday, October 31 by KeyBanc Capital Markets. Barclays Capital downgraded the stock to “Equal-Weight” rating in Tuesday, July 11 report.

More news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Globenewswire.com, which released: “PulteGroup and Georgia Power partner for first Smart Neighborhoodâ„¢ in Atlanta” on January 09, 2018. Globenewswire.com‘s article titled: “PulteGroup’s Fourth Quarter 2017 Earnings Release and Webcast Conference Call …” and published on December 27, 2017 is yet another important article.

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