LSV Asset Management Has $401.29 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

LSV Asset Management trimmed its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,887,664 shares of the construction company's stock after selling 196,672 shares during the period. PulteGroup makes up about 0.9% of LSV Asset Management's holdings, making the stock its 14th largest holding. LSV Asset Management owned approximately 1.80% of PulteGroup worth $401,285,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PHM. Benjamin F. Edwards & Company Inc. lifted its stake in PulteGroup by 4,151.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,658 shares of the construction company's stock worth $171,000 after purchasing an additional 1,619 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in PulteGroup by 2.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company's stock worth $371,000 after purchasing an additional 100 shares in the last quarter. Savant Capital LLC lifted its stake in PulteGroup by 6.7% during the fourth quarter. Savant Capital LLC now owns 9,397 shares of the construction company's stock worth $970,000 after purchasing an additional 594 shares in the last quarter. Certuity LLC acquired a new position in PulteGroup during the fourth quarter worth $245,000. Finally, Kestra Private Wealth Services LLC lifted its stake in PulteGroup by 111.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 7,163 shares of the construction company's stock worth $739,000 after purchasing an additional 3,780 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Up 2.5 %

PulteGroup stock traded up $2.79 during midday trading on Friday, reaching $116.64. The company's stock had a trading volume of 1,874,965 shares, compared to its average volume of 1,797,015. The business has a 50-day simple moving average of $112.28 and a 200-day simple moving average of $101.21. The company has a market cap of $24.53 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.52 and a beta of 1.56. PulteGroup, Inc. has a fifty-two week low of $65.16 and a fifty-two week high of $121.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup declared that its board has initiated a share buyback program on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other PulteGroup news, VP Brien P. O'meara sold 2,000 shares of the firm's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total transaction of $206,180.00. Following the transaction, the vice president now owns 15,389 shares of the company's stock, valued at $1,586,452.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of research reports. Wedbush restated a "neutral" rating and set a $85.00 price target on shares of PulteGroup in a research note on Wednesday, January 31st. Citigroup increased their price objective on PulteGroup from $116.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, April 5th. The Goldman Sachs Group increased their price objective on PulteGroup from $91.00 to $105.00 and gave the company a "neutral" rating in a research note on Thursday, January 11th. Oppenheimer increased their price objective on PulteGroup from $138.00 to $143.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group increased their price objective on PulteGroup from $126.00 to $131.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $111.73.

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.