Victory Capital Management Inc. lowered its stake in PulteGroup, Inc. (NYSE:PHM) by 36.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 478,628 shares of the construction company’s stock after selling 270,947 shares during the quarter. Victory Capital Management Inc. owned 0.16% of PulteGroup worth $15,915,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in PulteGroup by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,574,407 shares of the construction company’s stock valued at $288,984,000 after acquiring an additional 67,782 shares during the period. Greenhaven Associates Inc. grew its stake in PulteGroup by 0.3% in the 4th quarter. Greenhaven Associates Inc. now owns 5,749,401 shares of the construction company’s stock valued at $191,168,000 after acquiring an additional 14,853 shares during the period. American Century Companies Inc. grew its stake in PulteGroup by 1.0% in the 3rd quarter. American Century Companies Inc. now owns 4,774,847 shares of the construction company’s stock valued at $130,497,000 after acquiring an additional 45,977 shares during the period. LSV Asset Management grew its stake in PulteGroup by 3.2% in the 4th quarter. LSV Asset Management now owns 2,517,922 shares of the construction company’s stock valued at $83,720,000 after acquiring an additional 78,392 shares during the period. Finally, Capital Growth Management LP grew its stake in PulteGroup by 90.0% in the 3rd quarter. Capital Growth Management LP now owns 1,900,000 shares of the construction company’s stock valued at $51,927,000 after acquiring an additional 900,000 shares during the period. 82.96% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Robert Oshaughnessy sold 92,800 shares of PulteGroup stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.89, for a total transaction of $3,144,992.00. Following the transaction, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James R. Ellinghausen sold 67,490 shares of PulteGroup stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.35, for a total value of $2,183,301.50. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.
Shares of PulteGroup, Inc. (PHM) opened at $29.00 on Wednesday. PulteGroup, Inc. has a one year low of $21.13 and a one year high of $35.21. The stock has a market cap of $8,359.05, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 0.46 and a beta of 1.03.
PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, January 30th. The construction company reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. research analysts predict that PulteGroup, Inc. will post 3.11 earnings per share for the current year.
PulteGroup declared that its board has approved a stock repurchase program on Tuesday, January 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 1.24%. PulteGroup’s dividend payout ratio (DPR) is presently 25.00%.
PHM has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. UBS Group initiated coverage on shares of PulteGroup in a research note on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price target on the stock. Credit Suisse Group set a $35.00 price target on shares of PulteGroup and gave the company a “buy” rating in a research note on Tuesday, October 24th. Bank of America set a $34.00 target price on shares of PulteGroup and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, FBR & Co reaffirmed a “buy” rating and set a $31.00 target price (up previously from $28.00) on shares of PulteGroup in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. PulteGroup currently has an average rating of “Buy” and an average target price of $32.85.
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PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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