Strs Ohio Has $7.46 Million Position in PulteGroup, Inc. $PHM

Strs Ohio grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,774 shares of the construction company’s stock after purchasing an additional 7,867 shares during the quarter. Strs Ohio’s holdings in PulteGroup were worth $7,464,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHM. WPG Advisers LLC acquired a new stake in shares of PulteGroup in the first quarter valued at about $25,000. Hager Investment Management Services LLC grew its position in shares of PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in PulteGroup during the first quarter worth about $54,000. REAP Financial Group LLC grew its position in PulteGroup by 188.1% during the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after buying an additional 348 shares in the last quarter. Finally, Quarry LP grew its position in PulteGroup by 43.8% during the first quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after buying an additional 174 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Up 0.9%

Shares of PHM opened at $120.06 on Monday. The stock has a market cap of $23.40 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.95 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The company has a 50-day moving average price of $129.46 and a two-hundred day moving average price of $115.73.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.35 earnings per share. Equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is currently 6.77%.

Analyst Ratings Changes

PHM has been the topic of a number of recent research reports. Citigroup lifted their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of PulteGroup in a research report on Tuesday, October 21st. JPMorgan Chase & Co. lifted their target price on PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Oppenheimer lifted their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Bank of America decreased their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $133.67.

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.