Oddo BHF Asset Management Sas Has $1.34 Million Stock Holdings in PulteGroup, Inc. $PHM

Oddo BHF Asset Management Sas lessened its holdings in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 92.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,392 shares of the construction company’s stock after selling 131,278 shares during the period. Oddo BHF Asset Management Sas’ holdings in PulteGroup were worth $1,336,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PHM. Rachor Investment Advisory Services LLC acquired a new stake in PulteGroup during the 4th quarter worth $31,000. Lloyd Advisory Services LLC. acquired a new stake in PulteGroup during the 4th quarter worth $33,000. High Point Wealth Management LLC acquired a new stake in PulteGroup during the 4th quarter worth $38,000. Beacon Financial Strategies CORP acquired a new stake in PulteGroup during the 4th quarter worth $40,000. Finally, Elyxium Wealth LLC acquired a new stake in PulteGroup during the 4th quarter worth $41,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In related news, COO Matthew William Koart sold 7,457 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer owned 28,100 shares in the company, valued at approximately $3,372,000. This represents a 20.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lila Snyder sold 3,339 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the transaction, the director owned 3,540 shares in the company, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Bank of America lowered their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Wells Fargo & Company lifted their target price on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Truist Financial lowered their target price on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.71.

View Our Latest Report on PulteGroup

PulteGroup Trading Up 1.5%

Shares of NYSE:PHM opened at $124.74 on Wednesday. The company’s 50-day moving average price is $119.86 and its two-hundred day moving average price is $124.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. PulteGroup, Inc. has a one year low of $98.27 and a one year high of $144.49. The stock has a market capitalization of $23.76 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm earned $2.57 earnings per share. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities analysts forecast that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup declared that its Board of Directors has approved a stock buyback program on Thursday, April 23rd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. PulteGroup’s dividend payout ratio is 10.06%.

About PulteGroup

(Free Report)

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.

Further Reading

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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