PulteGroup, Inc. (NYSE:PHM) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 51.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,930 shares of the construction company's stock after selling 6,279 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in PulteGroup were worth $610,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PHM. Nilsine Partners LLC boosted its stake in PulteGroup by 20.3% during the first quarter. Nilsine Partners LLC now owns 24,749 shares of the construction company's stock worth $2,544,000 after buying an additional 4,175 shares during the last quarter. Aspire Private Capital LLC boosted its stake in PulteGroup by 6.9% during the first quarter. Aspire Private Capital LLC now owns 10,838 shares of the construction company's stock worth $1,114,000 after buying an additional 696 shares during the last quarter. OLD Second National Bank of Aurora boosted its stake in PulteGroup by 1.1% during the first quarter. OLD Second National Bank of Aurora now owns 41,759 shares of the construction company's stock worth $4,293,000 after buying an additional 441 shares during the last quarter. River Street Advisors LLC boosted its stake in PulteGroup by 8.0% during the first quarter. River Street Advisors LLC now owns 7,898 shares of the construction company's stock worth $812,000 after buying an additional 582 shares during the last quarter. Finally, Duncan Williams Asset Management LLC boosted its stake in PulteGroup by 13.3% during the first quarter. Duncan Williams Asset Management LLC now owns 7,860 shares of the construction company's stock worth $808,000 after buying an additional 923 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Trading Down 1.9%

Shares of PulteGroup stock traded down $1.97 during trading hours on Wednesday, hitting $103.52. The company's stock had a trading volume of 1,667,794 shares, compared to its average volume of 2,020,448. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The firm has a fifty day moving average of $101.21 and a 200-day moving average of $105.40. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 7.30, a P/E/G ratio of 0.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the company earned $3.10 EPS. Research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, June 17th. PulteGroup's payout ratio is 6.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush reissued an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group lowered their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI boosted their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada decreased their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

About PulteGroup

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.