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

Victory Capital Management Inc. grew its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,397,409 shares of the construction company's stock after purchasing an additional 284,627 shares during the period. Victory Capital Management Inc. owned approximately 0.70% of PulteGroup worth $143,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Concord Asset Management LLC VA boosted its holdings in shares of PulteGroup by 43.7% during the 1st quarter. Concord Asset Management LLC VA now owns 7,418 shares of the construction company's stock valued at $750,000 after acquiring an additional 2,255 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of PulteGroup by 5.5% during the 1st quarter. Larson Financial Group LLC now owns 38,726 shares of the construction company's stock valued at $3,981,000 after acquiring an additional 2,031 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of PulteGroup by 5.4% during the 1st quarter. Wealthfront Advisers LLC now owns 94,533 shares of the construction company's stock valued at $9,718,000 after acquiring an additional 4,850 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of PulteGroup during the 1st quarter valued at $3,943,000. Finally, Bogart Wealth LLC boosted its holdings in shares of PulteGroup by 2.6% during the 1st quarter. Bogart Wealth LLC now owns 65,364 shares of the construction company's stock valued at $6,719,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on PHM. Royal Bank Of Canada cut their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Barclays cut their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Evercore ISI lifted their target price on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $132.00 target price (up from $125.00) on shares of PulteGroup in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.69.

PulteGroup Trading Down 0.5%

Shares of PHM stock traded down $0.56 during mid-day trading on Friday, hitting $108.72. The company's stock had a trading volume of 1,941,121 shares, compared to its average volume of 2,180,234. The company's fifty day simple moving average is $104.07 and its 200-day simple moving average is $104.83. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $21.79 billion, a PE ratio of 7.67, a P/E/G ratio of 0.32 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the company posted $3.10 EPS. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were 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 was Tuesday, June 17th. PulteGroup's dividend payout ratio is currently 6.21%.

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.