PulteGroup, Inc. (NYSE:PHM) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,319 shares of the construction company's stock after selling 7,632 shares during the period. Voya Investment Management LLC's holdings in PulteGroup were worth $6,787,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PHM. Logan Capital Management Inc. lifted its position in shares of PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock valued at $2,124,000 after buying an additional 5,976 shares during the last quarter. Nilsine Partners LLC lifted its position in PulteGroup by 929.2% during the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock worth $2,240,000 after acquiring an additional 18,575 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of PulteGroup by 3.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,559 shares of the construction company's stock worth $496,000 after purchasing an additional 143 shares during the period. Argyle Capital Management LLC boosted its holdings in shares of PulteGroup by 1.5% in the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after acquiring an additional 641 shares during the last quarter. Finally, Eastern Bank grew its position in PulteGroup by 4.6% during the 4th quarter. Eastern Bank now owns 142,740 shares of the construction company's stock worth $15,544,000 after purchasing an additional 6,243 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Price Performance

NYSE PHM traded up $2.62 during trading hours on Friday, reaching $104.51. The company's stock had a trading volume of 1,439,479 shares, compared to its average volume of 1,999,182. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $20.95 billion, a PE ratio of 7.10, a PEG ratio of 0.29 and a beta of 1.44. The company's 50-day moving average is $101.24 and its two-hundred day moving average is $113.94. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same period in the previous year, the firm posted $3.10 earnings per share. Analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup's payout ratio is 6.21%.

PulteGroup declared that its board has authorized a share repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group reduced their price objective on PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Barclays decreased their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Bank of America lowered their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Finally, Evercore ISI increased their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.69.

Insider Activity at PulteGroup

In related news, EVP Todd N. Sheldon sold 15,191 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares in the company, valued at approximately $7,961,727. This trade represents a 16.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brien P. O'meara sold 3,500 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the sale, the vice president now directly owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,191 shares of company stock worth $2,256,367. 0.76% 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.