Axa S.A. Has $17.93 Million Position in PulteGroup, Inc. (NYSE:PHM)

Axa S.A. raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 59.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,879 shares of the construction company’s stock after purchasing an additional 60,812 shares during the quarter. Axa S.A.’s holdings in PulteGroup were worth $17,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new stake in shares of PulteGroup during the first quarter worth approximately $26,000. WR Wealth Planners LLC lifted its holdings in PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. LRI Investments LLC bought a new stake in PulteGroup in the 1st quarter valued at $28,000. Rothschild Investment LLC acquired a new position in PulteGroup in the 2nd quarter valued at $31,000. Finally, Candriam S.C.A. bought a new position in PulteGroup during the 2nd quarter worth $33,000. 89.90% of the stock is owned by institutional investors.

Insider Buying and Selling at PulteGroup

In related news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the sale, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is currently owned by company insiders.

PulteGroup Trading Up 2.3 %

Shares of PulteGroup stock opened at $143.18 on Friday. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $30.12 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.59 and a beta of 1.62. The firm’s 50 day moving average is $130.55 and its 200 day moving average is $119.32.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.56. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. PulteGroup’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $3.00 EPS. Equities research analysts forecast that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s payout ratio is 6.41%.

Analyst Ratings Changes

PHM has been the subject of a number of recent research reports. Evercore ISI boosted their target price on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Bank of America increased their target price on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. BTIG Research increased their price target on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Raymond James lifted their price objective on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $134.71.

PulteGroup Profile

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.