PulteGroup (NYSE:PHM): JP Morgan Reaffirms “Overweight” Rating Today, Has a Target of $40/Share

April 27, 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.

Janney Montgomery Scott Limited Liability Company reported 20,155 shares. Trexquant Inv L P holds 0.08% or 21,321 shares. Credit Suisse Ag has invested 0.03% in PulteGroup, Inc. (NYSE:PHM). 430,830 were reported by South Street Advsrs. The Michigan-based State Treasurer State Of Michigan has invested 0.02% in PulteGroup, Inc. (NYSE:PHM). Morgan Stanley invested in 0.03% or 3.39M shares. State Street invested 0.03% in PulteGroup, Inc. (NYSE:PHM). Robeco Institutional Asset Mngmt Bv stated it has 0.03% in PulteGroup, Inc. (NYSE:PHM). Clarivest Asset Limited Liability Co has 60,677 shares. Brandywine Glob Invest Mgmt Ltd has invested 0.07% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Advisors Asset Mngmt Inc invested in 0.01% or 12,683 shares. Us Commercial Bank De holds 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 28,831 shares. Jpmorgan Chase stated it has 2.60M shares. Regions Financial Corp invested in 0.07% or 207,624 shares. Amp Limited reported 137,151 shares.

Since December 8, 2017, it had 0 buys, and 2 insider sales for $3.41 million activity. OLEARY PATRICK J sold 8,677 shares worth $260,607.

PulteGroup (NYSE:PHM) Rating Reaffirmed

Equity research analysts at JP Morgan now has a $40 price target on PulteGroup (NYSE:PHM). JP Morgan and their recent price target indicates a potential upside of 28.74 % from the company’s previous stock close. The rating has been revealed to clients and investors in an analyst report on 26 April.

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.

Janney Montgomery Scott Limited Liability Company reported 20,155 shares. Trexquant Inv L P holds 0.08% or 21,321 shares. Credit Suisse Ag has invested 0.03% in PulteGroup, Inc. (NYSE:PHM). 430,830 were reported by South Street Advsrs. The Michigan-based State Treasurer State Of Michigan has invested 0.02% in PulteGroup, Inc. (NYSE:PHM). Morgan Stanley invested in 0.03% or 3.39M shares. State Street invested 0.03% in PulteGroup, Inc. (NYSE:PHM). Robeco Institutional Asset Mngmt Bv stated it has 0.03% in PulteGroup, Inc. (NYSE:PHM). Clarivest Asset Limited Liability Co has 60,677 shares. Brandywine Glob Invest Mgmt Ltd has invested 0.07% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Advisors Asset Mngmt Inc invested in 0.01% or 12,683 shares. Us Commercial Bank De holds 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 28,831 shares. Jpmorgan Chase stated it has 2.60M shares. Regions Financial Corp invested in 0.07% or 207,624 shares. Amp Limited reported 137,151 shares.

Since December 8, 2017, it had 0 buys, and 2 insider sales for $3.41 million activity. OLEARY PATRICK J sold 8,677 shares worth $260,607.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Among 12 analysts covering PulteGroup (NYSE:PHM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. PulteGroup has $41.0 highest and $33 lowest target. $36.63’s average target is 17.90% above currents $31.07 stock price. PulteGroup had 21 analyst reports since October 31, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 26 by Raymond James. On Tuesday, April 24 the stock rating was maintained by Susquehanna with “Hold”. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Neutral” rating by B. Riley & Co on Wednesday, January 3. Buckingham Research downgraded PulteGroup, Inc. (NYSE:PHM) on Tuesday, November 14 to “Neutral” rating. Mizuho upgraded the shares of PHM in report on Thursday, January 18 to “Buy” rating. On Wednesday, January 3 the stock rating was downgraded by FBR Capital to “Hold”. RBC Capital Markets maintained PulteGroup, Inc. (NYSE:PHM) on Wednesday, January 31 with “Buy” rating. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Buy” rating by RBC Capital Markets on Wednesday, April 25. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, March 26. The rating was upgraded by Credit Suisse to “Buy” on Tuesday, January 30.

The stock increased 1.77% or $0.54 during the last trading session, reaching $31.07. About 6.62 million shares traded or 27.87% up from the average. PulteGroup, Inc. (NYSE:PHM) has risen 24.54% since April 27, 2017 and is uptrending. It has outperformed by 12.99% the S&P500.

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $8.89 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 21.53 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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