PulteGroup, Inc. $PHM Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in PulteGroup, Inc. (NYSE:PHM) by 20.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,781 shares of the construction company’s stock after selling 57,131 shares during the quarter. Teacher Retirement System of Texas’ holdings in PulteGroup were worth $29,304,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Focus Partners Wealth boosted its holdings in shares of PulteGroup by 20.5% in the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock valued at $1,287,000 after purchasing an additional 2,128 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of PulteGroup by 83.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,303 shares of the construction company’s stock worth $665,000 after buying an additional 2,873 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of PulteGroup in the 2nd quarter worth $240,000. Fifth Third Bancorp boosted its holdings in PulteGroup by 2.4% in the second quarter. Fifth Third Bancorp now owns 7,456 shares of the construction company’s stock valued at $786,000 after acquiring an additional 177 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its position in PulteGroup by 6.8% during the second quarter. Accurate Wealth Management LLC now owns 3,507 shares of the construction company’s stock valued at $404,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $125.15 on Friday. The business’s 50-day simple moving average is $123.70 and its 200 day simple moving average is $124.23. The company has a market cap of $24.39 billion, a P/E ratio of 9.63, a PEG ratio of 1.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $142.11.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. PulteGroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $3.35 earnings per share. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio (DPR) is 8.01%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PHM shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 price objective on shares of PulteGroup in a report on Friday, January 9th. Citizens Jmp started coverage on shares of PulteGroup in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 target price for the company. Evercore ISI cut their price target on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.85.

PulteGroup Company Profile

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.