Teachers Retirement System of The State of Kentucky Acquires 513 Shares of PulteGroup, Inc. (NYSE:PHM)

Teachers Retirement System of The State of Kentucky grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,829 shares of the construction company’s stock after acquiring an additional 513 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PulteGroup were worth $1,627,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC grew its position in PulteGroup by 20.5% in the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock worth $1,582,000 after acquiring an additional 2,613 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of PulteGroup by 1,311.3% during the 1st quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock worth $32,148,000 after buying an additional 290,564 shares during the period. Hudson Capital Management LLC boosted its holdings in shares of PulteGroup by 8.6% during the 1st quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock worth $4,246,000 after buying an additional 3,266 shares during the period. NBC Securities Inc. boosted its holdings in shares of PulteGroup by 103,800.0% during the 1st quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock worth $534,000 after buying an additional 5,190 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of PulteGroup by 15.9% during the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after buying an additional 125 shares during the period. 89.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of PulteGroup from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Barclays decreased their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 price objective (up from $115.00) on shares of PulteGroup in a report on Wednesday. Finally, Oppenheimer upped their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $134.15.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $116.06 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.80. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The firm has a fifty day moving average price of $105.14 and a two-hundred day moving average price of $105.03. The company has a market cap of $22.90 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the firm earned $3.83 EPS. The business’s revenue was down 4.3% on a year-over-year basis. Analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup’s dividend payout ratio is 6.21%.

PulteGroup Company 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.