Amundi Purchases 381,380 Shares of PulteGroup, Inc. $PHM

Amundi raised its position in PulteGroup, Inc. (NYSE:PHM) by 38.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,375,535 shares of the construction company’s stock after acquiring an additional 381,380 shares during the period. Amundi’s holdings in PulteGroup were worth $153,152,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in PulteGroup during the 1st quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of PulteGroup during the second quarter worth about $32,000. Hager Investment Management Services LLC raised its holdings in shares of PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after acquiring an additional 105 shares during the last quarter. REAP Financial Group LLC lifted its position in PulteGroup by 188.1% in the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after acquiring an additional 348 shares in the last quarter. Finally, Quarry LP boosted its stake in PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after purchasing an additional 174 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $126.96 on Monday. The company has a market capitalization of $24.75 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31. The company’s 50-day moving average is $123.34 and its 200 day moving average is $119.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $142.11.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.86 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.35 earnings per share. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, December 16th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 6.77%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PHM shares. Bank of America lowered their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Zacks Research raised PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Evercore ISI dropped their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 22nd. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a report on Tuesday, October 21st. Finally, Citigroup increased their target price on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.83.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.