Amundi Pioneer Asset Management Inc. Grows Stake in PulteGroup, Inc. (PHM)

Amundi Pioneer Asset Management Inc. raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,459,127 shares of the construction company’s stock after acquiring an additional 440,582 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.53% of PulteGroup worth $37,922,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of PulteGroup by 1.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,054,968 shares of the construction company’s stock worth $26,132,000 after acquiring an additional 13,676 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of PulteGroup by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 2,771,770 shares of the construction company’s stock worth $68,657,000 after acquiring an additional 350,357 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of PulteGroup by 55.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 44,616 shares of the construction company’s stock worth $1,105,000 after acquiring an additional 15,873 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of PulteGroup by 36.4% during the third quarter. Prudential Financial Inc. now owns 1,063,718 shares of the construction company’s stock worth $26,348,000 after acquiring an additional 283,661 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of PulteGroup by 94.1% during the third quarter. MML Investors Services LLC now owns 15,695 shares of the construction company’s stock worth $389,000 after acquiring an additional 7,608 shares in the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.

In other news, insider Ryan Marshall sold 15,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $27.81, for a total transaction of $417,150.00. Following the sale, the insider now owns 453,996 shares in the company, valued at approximately $12,625,628.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Several research analysts have commented on PHM shares. ValuEngine raised shares of PulteGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. JPMorgan Chase & Co. raised shares of PulteGroup from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $24.00 to $25.50 in a research note on Wednesday, April 10th. Buckingham Research started coverage on shares of PulteGroup in a research note on Friday, January 11th. They issued a “neutral” rating and a $30.00 target price on the stock. They noted that the move was a valuation call. Barclays set a $28.00 target price on shares of PulteGroup and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Raymond James downgraded shares of PulteGroup from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. PulteGroup currently has an average rating of “Hold” and a consensus target price of $28.46.

NYSE:PHM traded up $0.11 during trading hours on Monday, hitting $29.50. The company had a trading volume of 1,841,208 shares, compared to its average volume of 4,956,167. The stock has a market cap of $8.16 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79. PulteGroup, Inc. has a 52 week low of $20.64 and a 52 week high of $33.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.63.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.02. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.90 billion. PulteGroup had a net margin of 10.03% and a return on equity of 22.51%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, analysts expect that PulteGroup, Inc. will post 3.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, March 14th. PulteGroup’s dividend payout ratio (DPR) is presently 12.26%.

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PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. 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 brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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