Victory Capital Management Inc. Raises Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Victory Capital Management Inc. increased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,112,782 shares of the construction company's stock after acquiring an additional 87,506 shares during the quarter. Victory Capital Management Inc. owned 0.54% of PulteGroup worth $121,182,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in PulteGroup during the third quarter valued at approximately $29,000. Hager Investment Management Services LLC bought a new stake in PulteGroup in the fourth quarter worth approximately $29,000. Fortitude Family Office LLC grew its position in PulteGroup by 74.1% in the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after acquiring an additional 137 shares in the last quarter. R Squared Ltd bought a new stake in PulteGroup in the fourth quarter worth approximately $39,000. Finally, JNBA Financial Advisors bought a new stake in PulteGroup in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Insider Buying and Selling at PulteGroup

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

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PulteGroup Trading Down 0.2 %

Shares of PHM stock traded down $0.21 during trading hours on Friday, hitting $108.06. 2,461,674 shares of the company were exchanged, compared to its average volume of 2,295,283. PulteGroup, Inc. has a fifty-two week low of $100.54 and a fifty-two week high of $149.47. The company has a 50 day simple moving average of $109.48 and a two-hundred day simple moving average of $124.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $21.88 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share 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%. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PHM shares. Wedbush restated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Friday, January 31st. Citigroup dropped their price objective on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. UBS Group raised their price objective on shares of PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, StockNews.com cut shares of PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Seven 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 has a consensus rating of "Moderate Buy" and a consensus target price of $140.86.

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.