Pacer Advisors Inc. Acquires 10,416 Shares of PulteGroup, Inc. (NYSE:PHM)

Pacer Advisors Inc. boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,431 shares of the construction company's stock after buying an additional 10,416 shares during the quarter. Pacer Advisors Inc.'s holdings in PulteGroup were worth $4,730,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PHM. Fortitude Family Office LLC boosted its position in 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 during the period. Transcendent Capital Group LLC bought a new position in PulteGroup during the third quarter worth about $29,000. JNBA Financial Advisors bought a new position in PulteGroup during the third quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company's stock worth $45,000 after purchasing an additional 286 shares during the period. Finally, Grove Bank & Trust boosted its position in PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock worth $66,000 after purchasing an additional 72 shares during the period. Institutional investors own 89.90% of the company's stock.

PulteGroup Price Performance

NYSE:PHM traded down $1.71 during mid-day trading on Friday, reaching $116.80. The stock had a trading volume of 928,261 shares, compared to its average volume of 2,132,375. The stock has a market capitalization of $23.95 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.49 and a beta of 1.67. The firm has a 50 day moving average price of $118.03 and a two-hundred day moving average price of $127.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. As a group, analysts expect that PulteGroup, Inc. will post 13.06 earnings per share for the current year.

PulteGroup announced that its board has authorized a share repurchase plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in 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 usually an indication that the company's board believes its stock is undervalued.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.75%. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup's dividend payout ratio is presently 6.49%.

Analysts Set New Price Targets

PHM has been the subject of a number of research reports. Citigroup cut their target price on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Seaport Res Ptn downgraded shares of PulteGroup from a "hold" rating to a "strong sell" rating in a report on Monday. Evercore ISI lowered their price target on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. BTIG Research increased their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Wedbush raised shares of PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.64.

PulteGroup Company 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.