Teachers Retirement System of The State of Kentucky Has $2.30 Million Position in PulteGroup, Inc. (NYSE:PHM)

Teachers Retirement System of The State of Kentucky lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,038 shares of the construction company’s stock after selling 1,325 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PulteGroup were worth $2,302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PHM. Raymond James & Associates grew its stake in shares of PulteGroup by 7.6% during the second quarter. Raymond James & Associates now owns 325,858 shares of the construction company’s stock worth $35,877,000 after buying an additional 22,936 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of PulteGroup by 94.5% in the second quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock worth $35,000 after acquiring an additional 154 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in PulteGroup by 40.6% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,109 shares of the construction company’s stock valued at $231,000 after acquiring an additional 609 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of PulteGroup by 10.1% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,984 shares of the construction company’s stock valued at $218,000 after purchasing an additional 182 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of PulteGroup by 17.0% during the second quarter. Atria Wealth Solutions Inc. now owns 9,066 shares of the construction company’s stock worth $999,000 after buying an additional 1,316 shares during the period. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 1.9 %

PulteGroup stock opened at $118.42 on Monday. PulteGroup, Inc. has a 1-year low of $99.03 and a 1-year high of $149.47. The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62. The firm’s fifty day moving average price is $133.08 and its two-hundred day moving average price is $127.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the firm earned $2.90 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is presently 5.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PHM. Evercore ISI cut their price target on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Oppenheimer decreased their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Barclays reaffirmed an “equal weight” rating and set a $140.00 price objective (down previously from $150.00) on shares of PulteGroup in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.50.

PulteGroup 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.