Reaffirmed: PulteGroup (NYSE:PHM) Hold Rating Reaffirmed by Analysts at Wedbush; $35.0 Target in Place

April 21, 2018 - By Henry Gaston

PulteGroup, Inc. (NYSE:PHM) Logo

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.25, from 0.76 in 2017Q3. It is positive, as 30 investors sold PulteGroup, Inc. shares while 182 reduced holdings. 86 funds opened positions while 128 raised stakes. 236.87 million shares or 3.30% less from 244.94 million shares in 2017Q3 were reported.

Louisiana State Employees Retirement Systems reported 0.02% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Citigroup Inc holds 0% in PulteGroup, Inc. (NYSE:PHM) or 45,245 shares. Robeco Institutional Asset Mgmt Bv holds 150,310 shares or 0.03% of its portfolio. 247,650 were reported by Aperio Grp Limited Liability Com. Public Employees Retirement Systems Of Ohio owns 207,223 shares or 0.03% of their US portfolio. Hennessy Advsr invested in 1% or 982,500 shares. First Republic Inv Management accumulated 6,168 shares. Earnest Prtn Ltd Liability invested 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Camarda Limited Liability Company reported 0.03% in PulteGroup, Inc. (NYSE:PHM). Wedge L L P Nc owns 865,820 shares. Bridgeway Capital Mngmt accumulated 0.38% or 1.05M shares. Fort Washington Inv Advisors Oh has invested 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Ls Investment Advsrs Ltd Liability Corporation accumulated 0.04% or 20,296 shares. Metropolitan Life New York invested in 0.02% or 44,643 shares. Baystate Wealth Mgmt Ltd Company reported 160 shares stake.

Since October 26, 2017, it had 0 insider purchases, and 3 sales for $7.47 million activity. The insider Ellinghausen James R sold 136,912 shares worth $4.07 million. 92,800 shares were sold by OShaughnessy Robert, worth $3.15M.

PulteGroup (NYSE:PHM) Rating Reaffirmed

PulteGroup (NYSE:PHM) just had their share rating of a ‘Hold’ issued by research analysts at Wedbush, who now has a $35.0 target on the $8.17 billion market cap company or a 22.63 % upside potential. This key information was revealed in a research note on Friday, 29 December.

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.25, from 0.76 in 2017Q3. It is positive, as 30 investors sold PulteGroup, Inc. shares while 182 reduced holdings. 86 funds opened positions while 128 raised stakes. 236.87 million shares or 3.30% less from 244.94 million shares in 2017Q3 were reported.

Louisiana State Employees Retirement Systems reported 0.02% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Citigroup Inc holds 0% in PulteGroup, Inc. (NYSE:PHM) or 45,245 shares. Robeco Institutional Asset Mgmt Bv holds 150,310 shares or 0.03% of its portfolio. 247,650 were reported by Aperio Grp Limited Liability Com. Public Employees Retirement Systems Of Ohio owns 207,223 shares or 0.03% of their US portfolio. Hennessy Advsr invested in 1% or 982,500 shares. First Republic Inv Management accumulated 6,168 shares. Earnest Prtn Ltd Liability invested 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Camarda Limited Liability Company reported 0.03% in PulteGroup, Inc. (NYSE:PHM). Wedge L L P Nc owns 865,820 shares. Bridgeway Capital Mngmt accumulated 0.38% or 1.05M shares. Fort Washington Inv Advisors Oh has invested 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Ls Investment Advsrs Ltd Liability Corporation accumulated 0.04% or 20,296 shares. Metropolitan Life New York invested in 0.02% or 44,643 shares. Baystate Wealth Mgmt Ltd Company reported 160 shares stake.

Since October 26, 2017, it had 0 insider purchases, and 3 sales for $7.47 million activity. The insider Ellinghausen James R sold 136,912 shares worth $4.07 million. 92,800 shares were sold by OShaughnessy Robert, worth $3.15M.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Among 12 analysts covering PulteGroup (NYSE:PHM), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. PulteGroup has $41.0 highest and $26 lowest target. $35.67’s average target is 24.98% above currents $28.54 stock price. PulteGroup had 21 analyst reports since October 25, 2017 according to SRatingsIntel. The rating was upgraded by Credit Suisse on Tuesday, January 30 to “Buy”. The firm earned “Buy” rating on Wednesday, October 25 by Bank of America. The firm earned “Neutral” rating on Wednesday, January 3 by B. Riley & Co. Mizuho upgraded the stock to “Neutral” rating in Wednesday, October 25 report. Credit Suisse maintained it with “Buy” rating and $38.0 target in Monday, January 22 report. The rating was maintained by Susquehanna on Thursday, January 4 with “Hold”. FBR Capital downgraded PulteGroup, Inc. (NYSE:PHM) rating on Wednesday, January 3. FBR Capital has “Hold” rating and $36.0 target. The stock has “Buy” rating by RBC Capital Markets on Monday, March 26. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Equal-Weight” rating by Barclays Capital on Monday, March 26. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, January 31.

The stock decreased 0.76% or $0.22 during the last trading session, reaching $28.54. About 4.77 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 24.54% since April 21, 2017 and is uptrending. It has outperformed by 12.99% the S&P500.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on April, 24 before the open. They expect $0.44 earnings per share, up 41.94 % or $0.13 from last year’s $0.31 per share. PHM’s profit will be $125.91M for 16.22 P/E if the $0.44 EPS becomes a reality. After $0.85 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts -48.24 % negative EPS growth.

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $8.17 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 19.78 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.

PulteGroup, Inc. (NYSE:PHM) Institutional Positions Chart

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