American Century Companies Inc. Has $225.02 Million Stock Holdings in PulteGroup, Inc. $PHM

American Century Companies Inc. increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 120.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,703,049 shares of the construction company’s stock after acquiring an additional 930,287 shares during the period. American Century Companies Inc. owned about 0.87% of PulteGroup worth $225,024,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PHM. Private Wealth Management Group LLC grew its stake in shares of PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of PulteGroup during the 2nd quarter worth approximately $32,000. Rexford Capital Inc. acquired a new stake in PulteGroup in the 2nd quarter valued at $35,000. True Wealth Design LLC grew its position in PulteGroup by 229.6% in the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock valued at $47,000 after acquiring an additional 248 shares during the period. Finally, SJS Investment Consulting Inc. raised its stake in PulteGroup by 1,423.1% during the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Activity at PulteGroup

In other news, COO Matthew William Koart sold 15,309 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.79, for a total value of $2,078,809.11. Following the transaction, the chief operating officer owned 42,418 shares of the company’s stock, valued at approximately $5,759,940.22. This trade represents a 26.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the sale, the insider owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This represents a 14.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 149,952 shares of company stock worth $20,162,165. Insiders own 0.76% of the company’s stock.

PulteGroup Stock Up 1.1%

NYSE:PHM opened at $137.09 on Friday. The stock’s fifty day moving average price is $129.37 and its two-hundred day moving average price is $127.64. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $144.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.60 and a beta of 1.33.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s payout ratio is currently 9.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PHM shares. Wells Fargo & Company boosted their target price on shares of PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. UBS Group reduced their price target on shares of PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Citigroup lifted their target price on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $145.00 price target on shares of PulteGroup in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $140.62.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.