PulteGroup, Inc. (NYSE:PHM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,667 shares of the construction company's stock after selling 47,144 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of PulteGroup worth $27,722,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PHM. Ameriflex Group Inc. purchased a new position in shares of PulteGroup in the 4th quarter valued at $37,000. TD Waterhouse Canada Inc. boosted its position in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. American National Bank & Trust purchased a new position in PulteGroup in the first quarter valued at about $39,000. Quarry LP bought a new position in PulteGroup in the fourth quarter worth about $43,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of PulteGroup during the first quarter valued at about $61,000. Institutional investors own 89.90% of the company's stock.

PulteGroup Stock Performance

Shares of NYSE:PHM traded down $2.07 during midday trading on Friday, reaching $109.27. The company's stock had a trading volume of 1,616,063 shares, compared to its average volume of 2,027,601. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $102.37 and a 200 day moving average of $104.81. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The firm has a market capitalization of $21.90 billion, a PE ratio of 7.71, a P/E/G ratio of 0.32 and a beta of 1.29.

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

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.81%. The ex-dividend date was Tuesday, June 17th. PulteGroup's dividend payout ratio is currently 6.21%.

Analysts Set New Price Targets

Several research firms recently commented on PHM. Barclays reduced their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Evercore ISI upped their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. UBS Group dropped their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock 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 for the company in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.