California State Teachers Retirement System Has $37.20 Million Position in PulteGroup, Inc. $PHM

California State Teachers Retirement System lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,148 shares of the construction company's stock after selling 2,944 shares during the period. California State Teachers Retirement System owned about 0.14% of PulteGroup worth $37,204,217 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its holdings in shares of PulteGroup by 18.7% during the second quarter. Wedmont Private Capital now owns 3,904 shares of the construction company's stock valued at $487,000 after acquiring an additional 615 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of PulteGroup by 27.2% in the second quarter. HB Wealth Management LLC now owns 7,958 shares of the construction company's stock valued at $1,092,000 after acquiring an additional 1,700 shares in the last quarter. Nilsine Partners LLC increased its position in PulteGroup by 12.9% in the 2nd quarter. Nilsine Partners LLC now owns 2,053 shares of the construction company's stock valued at $282,000 after acquiring an additional 234 shares during the period. Saudi Central Bank increased its stake in shares of PulteGroup by 86.4% during the 2nd quarter. Saudi Central Bank now owns 13,411 shares of the construction company's stock worth $1,840,000 after purchasing an additional 6,216 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in shares of PulteGroup in the second quarter worth about $203,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Analyst Ratings Changes

PHM has been the topic of several analyst reports. Citigroup reiterated a "market outperform" rating on shares of PulteGroup in a report on Tuesday, August 18th. Weiss Ratings upgraded PulteGroup from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Benchmark raised shares of PulteGroup to a "strong-buy" rating in a report on Thursday, September 3rd. Oppenheimer reissued an "outperform" rating on shares of PulteGroup in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price target on shares of PulteGroup from $115.00 to $116.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.87.

PulteGroup Stock Up 0.8%

Shares of PulteGroup stock traded up $1.01 during trading hours on Tuesday, reaching $119.95. 611,967 shares of the company's stock were exchanged, compared to its average volume of 1,774,342. The company has a 50 day moving average of $126.95 and a two-hundred day moving average of $124.11. PulteGroup, Inc. has a fifty-two week low of $108.49 and a fifty-two week high of $144.49. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The stock has a market cap of $22.48 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.47 and a beta of 1.19.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The business's revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 earnings per share. On average, sell-side analysts forecast that PulteGroup, Inc. will post 10.07 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 15th. PulteGroup's dividend payout ratio is 10.62%.

PulteGroup Profile

PulteGroup, Inc is a U.S. homebuilding company that designs, constructs and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its residential offerings include single-family homes, townhomes and communities in a variety of price ranges and styles.

The company operates through several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West Homes. Its communities are located across numerous metropolitan areas and regions in the United States, with operations spanning markets in the South, Southeast, Southwest, Midwest and West.

PulteGroup also provides mortgage lending and related title services to support home purchases through its financial-services operations.

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