Victory Capital Management Inc. Acquires 60,854 Shares of PulteGroup, Inc. (NYSE:PHM)

Victory Capital Management Inc. increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 6.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,025,276 shares of the construction company’s stock after purchasing an additional 60,854 shares during the period. Victory Capital Management Inc. owned approximately 0.50% of PulteGroup worth $147,158,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Swedbank AB bought a new position in PulteGroup during the first quarter valued at about $68,985,000. Hsbc Holdings PLC increased its stake in PulteGroup by 19.6% during the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock valued at $168,254,000 after acquiring an additional 250,937 shares during the period. Pacer Advisors Inc. increased its stake in PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after acquiring an additional 235,826 shares during the period. Allspring Global Investments Holdings LLC increased its stake in PulteGroup by 35.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 861,487 shares of the construction company’s stock valued at $123,649,000 after acquiring an additional 223,841 shares during the period. Finally, Homestead Advisers Corp increased its stake in PulteGroup by 89.8% during the first quarter. Homestead Advisers Corp now owns 375,500 shares of the construction company’s stock valued at $45,122,000 after acquiring an additional 177,700 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PHM shares. Royal Bank of Canada upped their price objective on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. UBS Group upped their price objective on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays upped their price objective on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Wolfe Research lowered PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI lowered their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Insider Activity

In other news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the sale, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

PulteGroup Stock Down 3.4 %

NYSE:PHM opened at $128.87 on Wednesday. The stock’s fifty day moving average price is $137.30 and its two-hundred day moving average price is $125.02. PulteGroup, Inc. has a 52-week low of $81.00 and a 52-week high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.54 and a beta of 1.63.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.90 EPS. On average, analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is currently 5.90%.

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.