Oddo BHF Asset Management Sas Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

Oddo BHF Asset Management Sas purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,710 shares of the construction company's stock, valued at approximately $2,973,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PHM. Fortitude Family Office LLC lifted its position in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new position in PulteGroup in the 3rd quarter valued at $29,000. WR Wealth Planners LLC increased its stake in shares of PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after buying an additional 82 shares during the period. Rothschild Investment LLC bought a new stake in shares of PulteGroup during the second quarter worth $31,000. Finally, Candriam S.C.A. acquired a new position in shares of PulteGroup during the second quarter valued at $33,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PHM. JPMorgan Chase & Co. lowered their price objective on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a research report on Friday. Evercore ISI dropped their price target on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered shares of PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday. Oppenheimer lowered their target price on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, Barclays reissued an "equal weight" rating and issued a $140.00 price target (down previously from $150.00) on shares of PulteGroup in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.50.

PulteGroup Stock Down 1.9 %

Shares of PHM stock traded down $2.27 during trading hours on Friday, hitting $118.42. 2,174,743 shares of the company were exchanged, compared to its average volume of 1,826,453. The company has a market capitalization of $24.29 billion, a PE ratio of 8.73, a PEG ratio of 0.50 and a beta of 1.62. PulteGroup, Inc. has a 52 week low of $99.03 and a 52 week high of $149.47. The business has a 50 day moving average of $133.08 and a two-hundred day moving average of $127.14. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company's revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.90 EPS. Analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This is a boost from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.74%. PulteGroup's payout ratio is presently 6.49%.

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.