Teacher Retirement System of Texas Sells 283 Shares of PulteGroup, Inc. (PHM)
Teacher Retirement System of Texas reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 565,534 shares of the construction company’s stock after selling 283 shares during the period. Teacher Retirement System of Texas’ holdings in PulteGroup were worth $13,873,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Trust Department MB Financial Bank N A acquired a new stake in PulteGroup during the first quarter valued at approximately $129,000. IFP Advisors Inc raised its stake in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock valued at $140,000 after buying an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock valued at $150,000 after buying an additional 702 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in PulteGroup during the first quarter valued at approximately $155,000. Finally, Thrivent Financial for Lutherans raised its stake in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock valued at $187,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.
PulteGroup, Inc. (NYSE:PHM) opened at 24.84 on Friday. The company’s 50 day moving average is $24.61 and its 200 day moving average is $23.26. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 13.75 and a beta of 1.14. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $25.74.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. Equities research analysts forecast that PulteGroup, Inc. will post $2.09 EPS for the current year.
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Several equities research analysts have recently commented on the stock. Barclays PLC lowered shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a report on Monday, July 10th. Wedbush restated an “underperform” rating and issued a $15.00 price target on shares of PulteGroup in a report on Tuesday, April 25th. BidaskClub lowered shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the sale, the director now owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is owned by company insiders.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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