Quadrature Capital Ltd Purchases Shares of 31899 PulteGroup, Inc. (PHM)

Several research firms recently commented on PHM. Barclays PLC restated an "overweight" rating and set a $24.00 price target (up from $23.00) on shares of PulteGroup in a report on Tuesday, March 7th.

The Company has 328.58 million shares outstanding and 291.38 million shares were floated in market. BTIG Research initiated coverage on PulteGroup in a report on Tuesday, February 7th. Finally, Bank of America Corp raised PulteGroup from an "underperform" rating to a "buy" rating and set a $25.00 price objective on the stock in a research report on Friday, January 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR.

The analysts offering 12 month price targets for PulteGroup, Inc. have a median target of $26, with a high estimate of $28 and a low estimate of $15.

VEREIT, Inc. (VER) now has the market capitalization of $8.59 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 1.27% and monthly volatility of 1.50% respectively.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Thursday, January 26th.

Last week, bigger rival D.R. Horton Inc reported a quarterly profit that edged past estimates but was not enough to allay concerns about the resilience of a recovery in the USA housing market. Presently, it has a Return on Equity (ROE) of -7.60% and Return on Investment (ROI) of 0.30%. The analysts offering Earnings Estimates for the company were believing that PulteGroup, Inc.

Maximum and minimum EPS estimate for the current quarter is projected at $0.53 and $0.34, respectively, according to 16 analysts. Annual EPS Growth of past 5 years is 38.80%. (PHM) could bring EPS of $0.59/share.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, March 8th. PulteGroup, Inc. (NASDAQ:PHM) has risen 20.48% over the past 6 months and is uptrending.

COPYRIGHT VIOLATION NOTICE: This report was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this story on another publication, it was stolen and republished in violation of US and worldwide copyright & trademark laws. PulteGroup's quarterly revenue was up 20.9% on a year-over-year basis. The shares were sold at an average price of $20.78, for a total value of $7,090,593.16. Following the transaction, the executive vice president now directly owns 235,899 shares in the company, valued at $5,031,725.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $21.40, for a total transaction of $1,027,414.00. Ltd. now owns 62,734 shares of the construction company's stock valued at $1,257,000 after buying an additional 16,021 shares during the period. The disclosure for this sale can be found here. Thus the company showed an Earnings Surprise of 40.7 Percent.

Several hedge funds have recently added to or reduced their stakes in PHM. Bank of The West increased its stake in PulteGroup by 2.1% in the first quarter. Chartwell Investment Partners LLC increased its position in shares of PulteGroup by 6,759.8% in the third quarter. The company has grown 12.00% in past 3 months and in the last five trades has moved up 0.45%. Morgan Stanley increased its position in shares of PulteGroup by 137.7% in the third quarter. The biggest holder now is Richard J. Dugas, Jr who owns 1,049,927 shares (0.33% of those outstanding), whilst Timothy R. Eller holds 944,738 (0.30% of shares outstanding) and Roger A. Cregg holds 654,114 (0.21% of shares outstanding).

  • Zachary Reyes