Stock of The Day: Is PulteGroup, Inc. a Buy? The Stock Rises Again

Stock of The Day: Is PulteGroup, Inc. a Buy? The Stock Rises Again

The stock of PulteGroup, Inc. (NYSE:PHM) is a huge mover today! About 4.57M shares traded hands. PulteGroup, Inc. (NYSE:PHM) has risen 6.31% since April 11, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.
The move comes after 5 months positive chart setup for the $6.35 billion company. It was reported on Nov, 11 by Barchart.com. We have $27.97 PT which if reached, will make NYSE:PHM worth $3.24 billion more.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Out of 13 analysts covering PulteGroup (NYSE:PHM), 3 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 23% are positive. PulteGroup has been the topic of 27 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 22. JP Morgan upgraded the stock to “Overweight” rating in Friday, July 22 report. The stock of PulteGroup, Inc. (NYSE:PHM) has “Underperform” rating given on Tuesday, September 20 by Wedbush. The company was initiated on Thursday, September 29 by Wells Fargo. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Underweight” rating by Morgan Stanley on Tuesday, October 13. The rating was maintained by FBR Capital on Friday, July 22 with “Mkt Perform”. The stock of PulteGroup, Inc. (NYSE:PHM) has “Neutral” rating given on Tuesday, December 22 by Sterne Agee CRT. The firm has “Market Perform” rating given on Monday, April 25 by Raymond James. As per Friday, September 11, the company rating was upgraded by JP Morgan. FBR Capital maintained PulteGroup, Inc. (NYSE:PHM) on Friday, October 21 with “Mkt Perform” rating.

According to Zacks Investment Research, “Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company’s significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.37, from 1.24 in 2016Q1. The ratio is negative, as 55 funds sold all PulteGroup, Inc. shares owned while 130 reduced positions. 43 funds bought stakes while 118 increased positions. They now own 290.87 million shares or 0.29% less from 291.71 million shares in 2016Q1.
Farmers & Merchants Invs reported 50 shares or 0% of all its holdings. Victory Cap Mgmt, a Ohio-based fund reported 47,461 shares. Cumberland Partners Ltd has 1.70M shares for 4.69% of their US portfolio. Gradient Investments Limited Co reported 1,500 shares or 0% of all its holdings. Denver Inv Advsr, a Colorado-based fund reported 410,129 shares. Tower Rech (Trc) accumulated 909 shares or 0% of the stock. Pioneer Investment Management has 0.04% invested in the company for 564,615 shares. The California-based Wilsey Asset Mgmt has invested 5.88% in PulteGroup, Inc. (NYSE:PHM). The New York-based F&V Cap Mngmt Ltd Liability Corporation has invested 0.31% in PulteGroup, Inc. (NYSE:PHM). Employees Retirement Association Of Colorado has invested 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Boston Prtnrs reported 25.05 million shares or 0.71% of all its holdings. Pillar Pacific Cap Ltd Liability Com last reported 12,726 shares in the company. Blackrock reported 641,597 shares or 0.02% of all its holdings. Huntington Fincl Bank last reported 11,135 shares in the company. Moreover, Kbc Nv has 0.04% invested in PulteGroup, Inc. (NYSE:PHM) for 148,162 shares.

Insider Transactions: Since July 7, 2016, the stock had 0 insider buys, and 7 insider sales for $12.19 million net activity. $2.70 million worth of PulteGroup, Inc. (NYSE:PHM) was sold by Ellinghausen James R. On Friday, July 22 the insider OSSOWSKI JAMES L sold $300,085. $1.18M worth of PulteGroup, Inc. (NYSE:PHM) shares were sold by SMITH HARMON D. DUGAS RICHARD J JR had sold 243,115 shares worth $5.34M. $441,200 worth of PulteGroup, Inc. (NYSE:PHM) was sold by COOK STEVEN M on Tuesday, July 26.

More news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Prnewswire.com, which released: “PulteGroup Reports Third Quarter 2016 Financial Results” on October 20, 2016. Forbes.com‘s article titled: “PulteGroup Enters Oversold Territory” and published on October 27, 2016 is yet another important article.

PHM Company Profile

PulteGroup, Inc., incorporated on October 17, 1987, is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Firm operates through Homebuilding and Financial Services divisions. The Company’s homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes.

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