Dana Investment Advisors Inc. Buys 3,201 Shares of PulteGroup, Inc. (NYSE:PHM)

Dana Investment Advisors Inc. grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,312 shares of the construction company's stock after acquiring an additional 3,201 shares during the quarter. Dana Investment Advisors Inc. owned about 0.09% of PulteGroup worth $20,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of PulteGroup by 5.5% during the third quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company's stock valued at $1,647,364,000 after acquiring an additional 585,735 shares in the last quarter. FMR LLC boosted its position in shares of PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company's stock valued at $1,297,630,000 after buying an additional 4,571,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of PulteGroup by 7.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company's stock valued at $267,546,000 after buying an additional 135,391 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of PulteGroup by 10.0% during the fourth quarter. Nordea Investment Management AB now owns 1,424,119 shares of the construction company's stock valued at $155,856,000 after buying an additional 129,975 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of PulteGroup by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,351,491 shares of the construction company's stock valued at $147,177,000 after buying an additional 19,829 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

PHM has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price objective on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their target price on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. UBS Group raised their target price on PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. StockNews.com cut PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, Oppenheimer dropped their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.86.

PulteGroup Price Performance

PHM traded down $0.21 on Friday, hitting $108.06. 2,461,674 shares of the company's stock traded hands, compared to its average volume of 2,295,283. The company's 50 day simple moving average is $109.48 and its 200-day simple moving average is $124.09. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.29 and a beta of 1.71. PulteGroup, Inc. has a one year low of $100.54 and a one year high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. As a group, research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup declared that its board has authorized a stock buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the sale, the executive vice president now owns 74,758 shares of the company's stock, valued at $7,961,727. The trade was a 16.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Brien P. O'meara sold 3,500 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the completion of the sale, the vice president now directly owns 11,372 shares in the company, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,191 shares of company stock valued at $2,256,367 in the last quarter. 0.75% of the stock is currently owned by insiders.

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.