Is Pultegroup (NYSE:PHM) Overbought?

Marco Green
November 18, 2017

Its down 0.18, from 1.12 in 2017Q1.

Equity analyst Royal Bank Of Canada raised the price target of the stock on October 25 boosting the projection from $28.00 to $33.00 and issued a "Outperform" rating.

A number of other hedge funds have also recently added to or reduced their stakes in the business. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.01. It dropped, as 35 investors sold PulteGroup, Inc. shares while 170 reduced holdings. Nj State Employees Deferred Compensation Plan holds 0.05% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 1,702 shares. Gulf Interest Bancorp (Uk) Ltd reported 0.03% of its portfolio in PulteGroup, Inc. Nomura Asset Mgmt Limited holds 0.01% or 10,530 shares. Nordea Investment Mngmt Ab reported 14,356 shares or 0% of all its holdings. Todd Asset Management Ltd Liability Corp owns 774,058 shares for 0.54% of their portfolio. Bluemountain Capital Management Limited Liability Company accumulated 105,511 shares. Massmutual Communication Fsb Adv holds 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 325,003 shares. Gam Hldgs Ag holds 0.08% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 74,973 shares. Bremer Natl Association holds 0.16% or 23,475 shares. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. (NYSE:PHM). Globeflex Capital L P has invested 0.23% in PulteGroup, Inc.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 24th. 30,667 were accumulated by Commonwealth Comml Bank Of Aus.

Since June 6, 2017, it had 0 insider buys, and 1 insider sale for $324,520 activity.

The stock of PulteGroup, Inc. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company's stock valued at $168,000 after buying an additional 465 shares during the period. The 9 months bullish chart indicates low risk for the $9.37 billion company. It was reported on Nov, 17 by Barchart.com. If the $32.85 price target is reached, the company will be worth $281.10 million more. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19.05M shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since November 16, 2016 and is uptrending. It has outperformed by 13.32% the S&P500.

PulteGroup, Inc is a homebuilder in the United States. They expect $1.15 earnings per share, up 15.00% or $0.15 from last year's $1 per share. PHM's profit will be $246.92 million for 9.45 P/E if the $0.84 EPS becomes a reality. After $0.60 actual EPS reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 40.00% EPS growth. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 67% are positive. According to today's trading volume PulteGroup, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Civeo Corporation had 12 analyst reports since September 2, 2015 according to SRatingsIntel. PulteGroup has an average rating of "Hold" and a consensus target price of $29.92. RBC Capital Markets maintained Stericycle Inc (NASDAQ:SRCL) on Friday, August 4 with "Sell" rating. (NYSE:PHM)'s stock was 73.56%. Rhumbline Advisers has invested 0.03% in PulteGroup, Inc. Barclays Capital downgraded the shares of PHM in report on Tuesday, July 11 to "Equal-Weight" rating. (NYSE:PHM) earned "Sector Perform" rating by KeyBanc Capital Markets on Monday, April 4. RBC Capital Markets maintained PulteGroup, Inc. The firm has "Hold" rating given on Saturday, August 22 by Brean Capital. JP Morgan upgraded it to "Overweight" rating and $22.50 target in Wednesday, January 13 report. Finally, MKM Partners reiterated a "neutral" rating on shares of PulteGroup in a research note on Tuesday, September 5th. As per Friday, October 6, the company rating was maintained by RBC Capital Markets. Ubs Asset Americas has 0% invested in PulteGroup, Inc. (NYSE:PHM) were recently published by: Globenewswire.com, which released: "The Detroit Free Press Names Pultegroup's Michigan Division a victor of the ..." on November 07, 2017. Koch Industries Inc. acquired a new position in PulteGroup during the 2nd quarter valued at about $220,000. The company has market cap of $9.33 billion.

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