Public Employees Retirement System of Ohio Has $9.42 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Public Employees Retirement System of Ohio decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,537 shares of the construction company's stock after selling 12,887 shares during the quarter. Public Employees Retirement System of Ohio's holdings in PulteGroup were worth $9,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richardson Financial Services Inc. lifted its stake in shares of PulteGroup by 16.7% during the 4th quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock worth $68,000 after buying an additional 89 shares during the last quarter. Meridian Wealth Management LLC lifted its position in PulteGroup by 0.7% during the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock worth $1,440,000 after acquiring an additional 95 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in PulteGroup by 2.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock worth $479,000 after acquiring an additional 103 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after acquiring an additional 105 shares during the period. Finally, 1858 Wealth Management LLC grew its position in shares of PulteGroup by 5.0% in the fourth quarter. 1858 Wealth Management LLC now owns 2,349 shares of the construction company's stock valued at $256,000 after purchasing an additional 112 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of NYSE:PHM traded down $3.01 during midday trading on Wednesday, hitting $97.56. The stock had a trading volume of 1,815,707 shares, compared to its average volume of 2,012,925. The company's 50-day moving average price is $100.32 and its 200-day moving average price is $109.62. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $19.55 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the business earned $3.10 earnings per share. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup announced that its board has authorized a stock repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.90%. PulteGroup's dividend payout ratio (DPR) is currently 6.21%.

Analyst Ratings Changes

PHM has been the subject of several research reports. Wedbush reissued an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Evercore ISI increased their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Oppenheimer reduced their target price on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Royal Bank of Canada decreased their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $134.69.

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.