New York State Common Retirement Fund Sells 10,600 Shares of PulteGroup, Inc. $PHM

New York State Common Retirement Fund lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,623 shares of the construction company’s stock after selling 10,600 shares during the period. New York State Common Retirement Fund owned 0.06% of PulteGroup worth $14,484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PHM. Evergreen Capital Management LLC raised its holdings in PulteGroup by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after acquiring an additional 78 shares during the period. Fidelis Capital Partners LLC grew its position in shares of PulteGroup by 1.0% in the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock valued at $924,000 after purchasing an additional 85 shares during the last quarter. Apella Capital LLC increased its stake in shares of PulteGroup by 4.2% in the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock worth $268,000 after purchasing an additional 87 shares during the period. CWM LLC lifted its position in shares of PulteGroup by 0.6% during the 3rd quarter. CWM LLC now owns 14,308 shares of the construction company’s stock worth $1,890,000 after purchasing an additional 92 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in PulteGroup by 5.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company’s stock valued at $229,000 after purchasing an additional 94 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Wells Fargo & Company boosted their target price on shares of PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Evercore ISI increased their price target on shares of PulteGroup from $134.00 to $143.00 in a report on Friday. BTIG Research began coverage on shares of PulteGroup in a report on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.54.

PulteGroup Price Performance

NYSE:PHM opened at $126.87 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.01. The company has a 50-day moving average of $124.83 and a 200-day moving average of $124.99. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $142.11. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.03 and a beta of 1.33.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were paid a $0.26 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio is currently 9.35%.

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.