Candriam Luxembourg S.C.A. boosted its position in shares of PulteGroup Inc. (NYSE:PHM) by 45.7% during the second quarter, Holdings Channel reports. The institutional investor owned 19,486 shares of the company’s stock after buying an additional 6,111 shares during the period. Candriam Luxembourg S.C.A.’s holdings in PulteGroup were worth $380,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Artemis Investment Management LLP boosted its stake in shares of PulteGroup by 100.0% in the second quarter. Artemis Investment Management LLP now owns 1,290,000 shares of the company’s stock worth $25,136,000 after buying an additional 645,000 shares in the last quarter. HL Financial Services LLC boosted its stake in shares of PulteGroup by 17.0% in the second quarter. HL Financial Services LLC now owns 118,455 shares of the company’s stock worth $2,309,000 after buying an additional 17,253 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of PulteGroup during the second quarter worth $29,907,000. Oakbrook Investments LLC boosted its stake in shares of PulteGroup by 18.2% in the second quarter. Oakbrook Investments LLC now owns 43,580 shares of the company’s stock worth $849,000 after buying an additional 6,700 shares in the last quarter. Finally, Goelzer Investment Management Inc. purchased a new stake in shares of PulteGroup during the second quarter worth $7,769,000. Institutional investors own 89.08% of the company’s stock.
PulteGroup Inc. (NYSE:PHM) traded up 0.36% during mid-day trading on Wednesday, reaching $19.75. The company’s stock had a trading volume of 4,404,159 shares. The firm has a 50 day moving average price of $20.37 and a 200-day moving average price of $19.62. PulteGroup Inc. has a 1-year low of $14.61 and a 1-year high of $22.40. The company has a market capitalization of $6.79 billion, a PE ratio of 13.00 and a beta of 1.50.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. PulteGroup had a return on equity of 11.24% and a net margin of 7.89%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities analysts predict that PulteGroup Inc. will post $1.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Friday, September 16th. PulteGroup’s payout ratio is 23.68%.
A number of equities research analysts have weighed in on the company. FBR & Co reiterated a “marketperform” rating and issued a $24.00 price objective on shares of PulteGroup in a research note on Thursday, September 29th. Wells Fargo & Co. assumed coverage on PulteGroup in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Wedbush assumed coverage on PulteGroup in a research note on Monday, September 19th. They issued an “underperform” rating and a $16.00 price objective for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $27.00 price objective on shares of PulteGroup in a research note on Thursday, September 15th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and a consensus target price of C$20.13.
In related news, insider James R. Ellinghausen sold 125,000 shares of PulteGroup stock in a transaction on Friday, July 22nd. The stock was sold at an average price of C$21.60, for a total value of C$2,700,000.00. Following the transaction, the insider now directly owns 532,931 shares in the company, valued at approximately C$11,511,309.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Cook sold 20,000 shares of PulteGroup stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of C$22.06, for a total value of C$441,200.00. Following the completion of the transaction, the executive vice president now owns 261,626 shares in the company, valued at C$5,771,469.56. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.