Teacher Retirement System of Texas increased its position in PulteGroup, Inc. (NYSE:PHM) by 110.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,424,938 shares of the construction company’s stock after purchasing an additional 746,669 shares during the period. Teacher Retirement System of Texas owned approximately 0.52% of PulteGroup worth $45,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ibex Wealth Advisors bought a new position in shares of PulteGroup in the 2nd quarter worth $37,000. Private Capital Group LLC lifted its holdings in shares of PulteGroup by 103.8% in the 1st quarter. Private Capital Group LLC now owns 1,620 shares of the construction company’s stock worth $45,000 after purchasing an additional 825 shares in the last quarter. Kwmg LLC bought a new position in shares of PulteGroup in the 1st quarter worth $45,000. Valley National Advisers Inc. lifted its stake in PulteGroup by 1,702.0% during the 1st quarter. Valley National Advisers Inc. now owns 1,838 shares of the construction company’s stock valued at $51,000 after acquiring an additional 1,736 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in PulteGroup by 74.9% during the 1st quarter. Penserra Capital Management LLC now owns 2,088 shares of the construction company’s stock valued at $58,000 after acquiring an additional 894 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

In other news, insider Michelle H. Hairston sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $31.25, for a total transaction of $312,500.00. Following the completion of the sale, the insider now directly owns 62,933 shares of the company’s stock, valued at approximately $1,966,656.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian P. Anderson sold 21,191 shares of PulteGroup stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $33.03, for a total value of $699,938.73. Following the completion of the sale, the director now directly owns 80,065 shares of the company’s stock, valued at approximately $2,644,546.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,957 shares of company stock valued at $1,788,205. Insiders own 0.49% of the company’s stock.

PHM has been the topic of several recent analyst reports. Zacks Investment Research upgraded PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, April 25th. SunTrust Banks initiated coverage on PulteGroup in a research note on Monday, August 12th. They set a “buy” rating and a $38.00 price objective on the stock. Royal Bank of Canada upgraded PulteGroup from an “underperform” rating to a “sector perform” rating and raised their price objective for the company from $29.00 to $33.00 in a research note on Wednesday, July 24th. Finally, BTIG Research upgraded PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price objective on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $29.60.

Shares of PulteGroup stock traded up $0.21 during trading hours on Wednesday, hitting $32.86. 1,643,994 shares of the company’s stock traded hands, compared to its average volume of 4,015,736. PulteGroup, Inc. has a 12-month low of $20.64 and a 12-month high of $34.03. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.27 and a beta of 0.72. The company has a fifty day simple moving average of $32.23 and a 200-day simple moving average of $30.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.51 and a quick ratio of 0.51.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 23rd. The construction company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. PulteGroup had a return on equity of 20.68% and a net margin of 9.23%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the firm posted $0.89 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. On average, analysts forecast that PulteGroup, Inc. will post 3.42 EPS for the current fiscal year.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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