Greenhaven Associates Upped Its Holding in Pultegroup (Phm) (PHM) by $490,149; Blb&B Advisors Increased Position in Target (TGT) by $350,870 as Market Valuation Rose

May 18, 2018 - By Michael Collier

Target Corporation (NYSE:TGT) Logo

Blb&B Advisors Llc increased its stake in Target Corp (TGT) by 12.68% based on its latest 2017Q4 regulatory filing with the SEC. Blb&B Advisors Llc bought 5,398 shares as the company’s stock rose 4.77% while stock markets declined. The institutional investor held 47,978 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $3.13M, up from 42,580 at the end of the previous reported quarter. Blb&B Advisors Llc who had been investing in Target Corp for a number of months, seems to be bullish on the $40.64 billion market cap company. The stock increased 0.80% or $0.6 during the last trading session, reaching $75.83. About 5.48M shares traded or 1.11% up from the average. Target Corporation (NYSE:TGT) has risen 28.46% since May 18, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Edgar Wachenheim increased its stake in Pultegroup (Phm) (PHM) by 0.26% based on its latest 2017Q4 regulatory filing with the SEC. Greenhaven Associates Inc bought 14,853 shares as the company’s stock declined 12.41% with the market. The hedge fund run by Edgar Wachenheim held 5.75M shares of the capital goods company at the end of 2017Q4, valued at $191.17 million, up from 5.73 million at the end of the previous reported quarter. Greenhaven Associates Inc who had been investing in Pultegroup (Phm) for a number of months, seems to be bullish on the $8.45 billion market cap company. The stock increased 0.58% or $0.17 during the last trading session, reaching $29.58. About 4.36 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 24.54% since May 18, 2017 and is uptrending. It has outperformed by 12.99% the S&P500.

Since December 8, 2017, it had 1 insider purchase, and 5 sales for $5.40 million activity. 14,000 shares were sold by GRISE CHERYL W, worth $430,384. OShaughnessy Robert also sold $3.15 million worth of PulteGroup, Inc. (NYSE:PHM) shares. Shares for $260,607 were sold by OLEARY PATRICK J on Wednesday, February 21. Hawaux Andre J bought $97,061 worth of PulteGroup, Inc. (NYSE:PHM) on Thursday, May 10.

Greenhaven Associates Inc, which manages about $5.72B and $6.63 billion US Long portfolio, decreased its stake in D R Horton Inc. (Dhi) (NYSE:DHI) by 25,300 shares to 8.19 million shares, valued at $418.24 million in 2017Q4, according to the filing. It also reduced its holding in Fedex Corp (Fdx) (NYSE:FDX) by 9,710 shares in the quarter, leaving it with 2.97M shares, and cut its stake in Toll Brothers Inc. (Tol) (NYSE:TOL).

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.25, from 0.76 in 2017Q3. It increased, as 30 investors sold PHM 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. Trust Department Mb Natl Bank N A holds 5,498 shares or 0.02% of its portfolio. Premier Asset Mgmt Ltd Liability Corporation has invested 2.99% in PulteGroup, Inc. (NYSE:PHM). Cwm owns 87 shares for 0% of their portfolio. Wilsey Asset Mgmt Inc stated it has 7.64% in PulteGroup, Inc. (NYSE:PHM). Hbk Sorce Advisory has 0.03% invested in PulteGroup, Inc. (NYSE:PHM). First Quadrant Ltd Partnership Ca holds 0% in PulteGroup, Inc. (NYSE:PHM) or 5,600 shares. Stephens Ar has 42,467 shares for 0.05% of their portfolio. Ameritas Investment Prtn Inc reported 5,854 shares. Blackrock stated it has 0.04% in PulteGroup, Inc. (NYSE:PHM). Wedge Capital Management L Lp Nc has 0.26% invested in PulteGroup, Inc. (NYSE:PHM) for 865,820 shares. Laurion Cap Management LP owns 290,557 shares or 0.05% of their US portfolio. 20,296 were accumulated by Ls Investment Advsr Ltd Liability Corp. Sg Americas Secs Limited Liability Company holds 0.02% or 76,622 shares in its portfolio. Nuwave Mngmt Ltd has 0.83% invested in PulteGroup, Inc. (NYSE:PHM). Parallax Volatility Advisers LP holds 54,929 shares.

Among 22 analysts covering PulteGroup (NYSE:PHM), 11 have Buy rating, 2 Sell and 9 Hold. Therefore 50% are positive. PulteGroup had 76 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with “Outperform”. As per Wednesday, February 14, the company rating was maintained by RBC Capital Markets. As per Thursday, July 13, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Buckingham Research to “Neutral” on Tuesday, November 14. Wedbush maintained the shares of PHM in report on Wednesday, April 26 with “Underperform” rating. The firm earned “Overweight” rating on Friday, July 22 by JP Morgan. The company was maintained on Friday, October 23 by FBR Capital. On Tuesday, June 27 the stock rating was maintained by Bank of America with “Buy”. RBC Capital Markets maintained PulteGroup, Inc. (NYSE:PHM) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $28.0 target. Citigroup maintained PulteGroup, Inc. (NYSE:PHM) rating on Wednesday, July 26. Citigroup has “Neutral” rating and $26 target.

More news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Seekingalpha.com, which released: “PulteGroup’s (PHM) Management at JP Morgan Homebuilding and Building Products Conference (Transcript)” on May 16, 2018. Benzinga.com‘s article titled: “PulteGroup’s ‘Excellent’ Q1 Beat Turns Buckingham Bullish” and published on April 25, 2018 is yet another important article.

Among 29 analysts covering Target Corporation (NYSE:TGT), 11 have Buy rating, 3 Sell and 15 Hold. Therefore 38% are positive. Target Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, July 25 with “Hold”. The company was downgraded on Monday, September 12 by Cowen & Co. The firm earned “Hold” rating on Friday, January 5 by Barclays Capital. The rating was maintained by Piper Jaffray with “Overweight” on Thursday, February 4. Cowen & Co maintained the shares of TGT in report on Saturday, August 22 with “Outperform” rating. The firm has “Market Perform” rating given on Wednesday, March 1 by Telsey Advisory Group. The stock of Target Corporation (NYSE:TGT) earned “Neutral” rating by M Partners on Thursday, August 20. The company was maintained on Thursday, May 19 by Barclays Capital. On Monday, February 26 the stock rating was initiated by Credit Suisse with “Buy”. The firm has “Buy” rating by Vetr given on Tuesday, August 25.

PulteGroup, Inc. (NYSE:PHM) Institutional Positions Chart

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By1 Michael Collier

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