Harel Insurance Investments & Financial Services Ltd. Has $231,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Harel Insurance Investments & Financial Services Ltd. raised its stake in PulteGroup, Inc. (NYSE:PHM) by 40.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,109 shares of the construction company’s stock after buying an additional 609 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in PulteGroup were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Putnam Investments LLC boosted its position in PulteGroup by 1.8% in the fourth quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock valued at $1,136,318,000 after buying an additional 197,656 shares in the last quarter. Norges Bank acquired a new stake in PulteGroup in the fourth quarter valued at approximately $381,960,000. Allianz Asset Management GmbH boosted its position in PulteGroup by 38.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock valued at $195,316,000 after buying an additional 523,623 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in PulteGroup by 0.5% during the first quarter. Los Angeles Capital Management LLC now owns 1,434,016 shares of the construction company’s stock worth $172,971,000 after buying an additional 7,397 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in PulteGroup by 18.4% during the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after buying an additional 168,746 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Activity

In other news, CFO Robert Oshaughnessy sold 28,993 shares of the business’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 value of $3,748,504.97. Following the sale, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

PulteGroup Stock Down 0.3 %

Shares of NYSE:PHM traded down $0.32 during midday trading on Tuesday, hitting $124.86. 432,382 shares of the company’s stock were exchanged, compared to its average volume of 1,839,058. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $135.62. The company has a market cap of $25.91 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.50 and a beta of 1.61. The stock has a 50 day moving average price of $117.71 and a 200-day moving average price of $113.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the company earned $3.00 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PHM shares. Raymond James lifted their price target on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer lifted their price target on shares of PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI lifted their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $133.14.

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.