New York State Common Retirement Fund Sells 10,600 Shares of PulteGroup, Inc. $PHM

New York State Common Retirement Fund lessened its position in PulteGroup, Inc. (NYSE:PHM) by 8.8% during the 3rd quarter, Holdings Channel reports. The firm owned 109,623 shares of the construction company’s stock after selling 10,600 shares during the quarter. New York State Common Retirement Fund’s holdings in PulteGroup were worth $14,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in PulteGroup in the second quarter valued at about $32,000. Rexford Capital Inc. bought a new position in shares of PulteGroup in the second quarter valued at approximately $35,000. Private Wealth Management Group LLC boosted its holdings in shares of PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Hager Investment Management Services LLC grew its position in PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after acquiring an additional 105 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in PulteGroup by 229.6% during the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock valued at $47,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

PulteGroup stock opened at $126.87 on Tuesday. The company has a market cap of $24.73 billion, a PE ratio of 11.41, a PEG ratio of 1.03 and a beta of 1.33. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $142.11. The company’s 50-day moving average is $124.83 and its two-hundred day moving average is $124.99.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. PulteGroup’s payout ratio is 9.35%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PHM. Oppenheimer reissued an “outperform” rating and issued a $149.00 price objective (up previously from $140.00) on shares of PulteGroup in a research note on Friday. The Goldman Sachs Group reiterated a “neutral” rating and set a $144.00 price target on shares of PulteGroup in a research report on Tuesday, January 13th. Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Zacks Research downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Citizens Jmp assumed coverage on shares of PulteGroup in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.54.

PulteGroup Profile

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.