PulteGroup, Inc. (NYSE:PHM) Position Boosted by Cetera Trust Company N.A

Cetera Trust Company N.A raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,147 shares of the construction company’s stock after acquiring an additional 705 shares during the period. Cetera Trust Company N.A’s holdings in PulteGroup were worth $996,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of PulteGroup by 54.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,580 shares of the construction company’s stock worth $284,000 after buying an additional 912 shares in the last quarter. AE Wealth Management LLC lifted its position in PulteGroup by 14.6% in the second quarter. AE Wealth Management LLC now owns 8,418 shares of the construction company’s stock worth $927,000 after purchasing an additional 1,075 shares during the period. Sei Investments Co. boosted its stake in PulteGroup by 3.7% during the 2nd quarter. Sei Investments Co. now owns 323,003 shares of the construction company’s stock valued at $35,558,000 after purchasing an additional 11,501 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of PulteGroup by 23.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,364 shares of the construction company’s stock worth $2,022,000 after buying an additional 3,446 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in PulteGroup by 7.7% during the second quarter. Ensign Peak Advisors Inc now owns 103,233 shares of the construction company’s stock valued at $11,366,000 after buying an additional 7,405 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Up 0.3 %

Shares of PHM opened at $116.19 on Wednesday. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day simple moving average of $119.75 and a 200-day simple moving average of $127.34. The firm has a market capitalization of $23.83 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.46 and a beta of 1.67.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $2.90 earnings per share. On average, equities research analysts expect that PulteGroup, Inc. will post 12.96 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Analyst Upgrades and Downgrades

PHM has been the subject of several research reports. Evercore ISI reduced their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Oppenheimer decreased their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Barclays cut their price objective on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Citigroup decreased their target price on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

About PulteGroup

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.