LSV Asset Management Has $231.72 Million Position in PulteGroup, Inc. (PHM)

LSV Asset Management lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 0.4% in the 1st quarter, HoldingsChannel reports. The fund owned 8,287,496 shares of the construction company’s stock after selling 34,200 shares during the quarter. LSV Asset Management’s holdings in PulteGroup were worth $231,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc grew its position in PulteGroup by 8.5% in the 3rd quarter. Vanguard Group Inc now owns 30,373,220 shares of the construction company’s stock worth $752,345,000 after purchasing an additional 2,378,937 shares during the period. BlackRock Inc. grew its position in PulteGroup by 1.5% in the 4th quarter. BlackRock Inc. now owns 20,107,766 shares of the construction company’s stock worth $522,601,000 after purchasing an additional 295,872 shares during the period. Bank of New York Mellon Corp grew its position in PulteGroup by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 9,212,408 shares of the construction company’s stock worth $239,431,000 after purchasing an additional 462,613 shares during the period. Dimensional Fund Advisors LP grew its position in PulteGroup by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,530,759 shares of the construction company’s stock worth $221,724,000 after purchasing an additional 361,635 shares during the period. Finally, Boston Partners bought a new stake in PulteGroup in the 4th quarter worth approximately $139,363,000. 87.84% of the stock is owned by institutional investors.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, April 25th. ValuEngine raised shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Buckingham Research lifted their target price on shares of PulteGroup from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Credit Suisse Group set a $31.00 target price on shares of PulteGroup and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, JPMorgan Chase & Co. raised shares of PulteGroup from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $24.00 to $25.50 in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.53.

In other news, SVP James L. Ossowski sold 10,000 shares of PulteGroup stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $31.19, for a total transaction of $311,900.00. Following the transaction, the senior vice president now owns 25,750 shares in the company, valued at approximately $803,142.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Marshall sold 15,000 shares of PulteGroup stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $27.81, for a total transaction of $417,150.00. Following the transaction, the insider now owns 453,996 shares in the company, valued at approximately $12,625,628.76. The disclosure for this sale can be found here. Insiders have sold a total of 162,846 shares of company stock worth $5,064,382 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Shares of PulteGroup stock opened at $32.48 on Friday. The firm has a market cap of $9.00 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. PulteGroup, Inc. has a 1-year low of $20.64 and a 1-year high of $33.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.72.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.12. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PulteGroup had a net margin of 9.97% and a return on equity of 21.65%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. As a group, equities analysts expect that PulteGroup, Inc. will post 3.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 13th. PulteGroup’s dividend payout ratio is presently 12.26%.

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About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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