PulteGroup Inc. (PHM) Stake Reduced by Teacher Retirement System of Texas
Teacher Retirement System of Texas cut its position in PulteGroup Inc. (NYSE:PHM) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 551,217 shares of the company’s stock after selling 10,474 shares during the period. Teacher Retirement System of Texas’ holdings in PulteGroup were worth $11,046,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC boosted its position in shares of PulteGroup by 0.5% in the second quarter. MCF Advisors LLC now owns 11,803 shares of the company’s stock worth $230,000 after buying an additional 60 shares during the last quarter. IFP Advisors Inc boosted its position in shares of PulteGroup by 1.6% in the second quarter. IFP Advisors Inc now owns 5,597 shares of the company’s stock worth $109,000 after buying an additional 90 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of PulteGroup by 0.3% in the second quarter. Advantus Capital Management Inc now owns 30,581 shares of the company’s stock worth $596,000 after buying an additional 106 shares in the last quarter. M&T Bank Corp increased its position in shares of PulteGroup by 0.5% in the second quarter. M&T Bank Corp now owns 25,394 shares of the company’s stock worth $496,000 after buying an additional 114 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of PulteGroup by 1.3% in the third quarter. Raymond James Trust N.A. now owns 12,299 shares of the company’s stock worth $246,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 88.28% of the company’s stock.
PulteGroup Inc. (NYSE:PHM) traded down 1.011% during midday trading on Wednesday, hitting $19.095. The stock had a trading volume of 3,408,650 shares. PulteGroup Inc. has a 1-year low of $14.61 and a 1-year high of $22.40. The company’s 50 day moving average is $18.88 and its 200 day moving average is $19.75. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 12.009 and a beta of 1.27.
PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, October 20th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. PulteGroup had a net margin of 7.70% and a return on equity of 11.86%. The business earned $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.33 EPS. PulteGroup’s revenue was up 29.0% on a year-over-year basis. On average, equities analysts anticipate that PulteGroup Inc. will post $1.53 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on PHM. Deutsche Bank AG reiterated a “buy” rating and set a $27.00 price target on shares of PulteGroup in a report on Thursday, September 15th. Evercore ISI began coverage on PulteGroup in a report on Monday, November 14th. They set a “hold” rating and a $18.00 price target on the stock. FBR & Co lowered their price target on PulteGroup from $24.00 to $23.00 and set a “mkt perform” rating on the stock in a report on Friday, October 21st. Wells Fargo & Co. began coverage on PulteGroup in a report on Wednesday, September 28th. They set a “market perform” rating on the stock. Finally, Wedbush reiterated an “underperform” rating and set a $16.00 price target on shares of PulteGroup in a report on Thursday, October 20th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.31.
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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