Westbourne Investment Advisors buys $2,447,157 stake in PulteGroup (PHM)

PulteGroup (PHM) : Westbourne Investment Advisors scooped up 10,525 additional shares in PulteGroup during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 133,070 shares of PulteGroup which is valued at $2,447,157.PulteGroup makes up approximately 2.34% of Westbourne Investment Advisors’s portfolio.

PulteGroup opened for trading at $18.47 and hit $18.66 on the upside on Monday, eventually ending the session at $18.44, with a gain of 0.27% or 0.05 points. The heightened volatility saw the trading volume jump to 64,73,677 shares. Company has a market cap of $6,381 M.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in PHM by selling 1,000 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 21,300 shares of PHM which is valued at $391,707. PulteGroup makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.Advisory Services Network boosted its stake in PHM in the latest quarter, The investment management firm added 876 additional shares and now holds a total of 9,684 shares of PulteGroup which is valued at $184,480. PulteGroup makes up approx 0.05% of Advisory Services Network’s portfolio. Strs Ohio sold out all of its stake in PHM during the most recent quarter. The investment firm sold 6,382 shares of PHM which is valued $121,577. Kanaly Trust Co sold out all of its stake in PHM during the most recent quarter. The investment firm sold 221 shares of PHM which is valued $4,122.

On the company’s financial health, PulteGroup reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.20. The company had revenue of $1432.60 million for the quarter, compared to analysts expectations of $1349.50 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on PulteGroup. PulteGroup was Downgraded by Raymond James to ” Mkt Perform” on Apr 25, 2016. Company shares were Reiterated by FBR Capital on Apr 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .

PulteGroup Inc. (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs including single-family detached townhouses condominiums and duplexes. It has delivered approximately 640000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Company’s Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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