Victory Capital Management Inc. Has $147.16 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Victory Capital Management Inc. boosted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 6.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,025,276 shares of the construction company’s stock after acquiring an additional 60,854 shares during the period. Victory Capital Management Inc.’s holdings in PulteGroup were worth $147,158,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC increased its holdings in PulteGroup by 19.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 111,041 shares of the construction company’s stock worth $15,938,000 after purchasing an additional 18,393 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in PulteGroup by 3.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock worth $438,000 after purchasing an additional 88 shares in the last quarter. Jupiter Wealth Management LLC increased its holdings in PulteGroup by 6.1% during the 3rd quarter. Jupiter Wealth Management LLC now owns 13,602 shares of the construction company’s stock worth $1,952,000 after purchasing an additional 780 shares in the last quarter. Tyler Stone Wealth Management increased its holdings in PulteGroup by 115.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 11,534 shares of the construction company’s stock worth $1,655,000 after purchasing an additional 6,184 shares in the last quarter. Finally, Baker Avenue Asset Management LP bought a new position in PulteGroup during the 3rd quarter worth about $413,000. Institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wolfe Research cut PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Raymond James raised their price objective on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their price objective on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Finally, Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of PulteGroup in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup Trading Down 3.4 %

Shares of PHM stock opened at $128.87 on Wednesday. The firm has a 50 day moving average price of $137.30 and a two-hundred day moving average price of $125.02. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $26.43 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.63. PulteGroup, Inc. has a 12-month low of $81.00 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM) last issued 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 during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $2.90 earnings per share. As a group, analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Announces Dividend

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

Insider Activity

In other news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

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.