PulteGroup, Inc. $PHM Shares Bought by Strs Ohio

Strs Ohio grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 348.9% during the 3rd quarter, Holdings Channel reports. The firm owned 317,701 shares of the construction company’s stock after buying an additional 246,927 shares during the period. Strs Ohio’s holdings in PulteGroup were worth $41,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PHM. Focus Partners Wealth raised its holdings in shares of PulteGroup by 20.5% in the first quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after acquiring an additional 2,128 shares during the last quarter. Farther Finance Advisors LLC increased its position in PulteGroup by 83.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,303 shares of the construction company’s stock worth $665,000 after purchasing an additional 2,873 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in PulteGroup in the 2nd quarter valued at about $240,000. Fifth Third Bancorp lifted its holdings in PulteGroup by 2.4% in the 2nd quarter. Fifth Third Bancorp now owns 7,456 shares of the construction company’s stock valued at $786,000 after purchasing an additional 177 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its stake in shares of PulteGroup by 6.8% during the 2nd quarter. Accurate Wealth Management LLC now owns 3,507 shares of the construction company’s stock worth $404,000 after purchasing an additional 222 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Trading Down 2.0%

Shares of PHM opened at $125.15 on Friday. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11. The firm has a market capitalization of $24.39 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $123.70 and its 200 day simple moving average is $124.23.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.86 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 earnings per share. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, December 16th. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio (DPR) is presently 8.01%.

Wall Street Analysts Forecast Growth

PHM has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of PulteGroup from $135.00 to $128.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Barclays set a $115.00 price objective on PulteGroup in a research report on Monday, December 8th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of PulteGroup in a research report on Tuesday, October 21st. Finally, Citizens Jmp began coverage on PulteGroup in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.