Cetera Trust Company N.A Buys 480 Shares of PulteGroup, Inc. $PHM

Cetera Trust Company N.A boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,402 shares of the construction company’s stock after purchasing an additional 480 shares during the quarter. Cetera Trust Company N.A’s holdings in PulteGroup were worth $1,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC boosted its position in shares of PulteGroup by 14.6% in the first quarter. OneDigital Investment Advisors LLC now owns 3,321 shares of the construction company’s stock valued at $341,000 after acquiring an additional 424 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of PulteGroup by 87.4% in the first quarter. Concurrent Investment Advisors LLC now owns 8,212 shares of the construction company’s stock valued at $844,000 after acquiring an additional 3,831 shares during the period. Envestnet Asset Management Inc. raised its stake in PulteGroup by 0.9% in the first quarter. Envestnet Asset Management Inc. now owns 315,927 shares of the construction company’s stock valued at $32,477,000 after purchasing an additional 2,930 shares in the last quarter. TD Private Client Wealth LLC raised its stake in PulteGroup by 22.3% in the first quarter. TD Private Client Wealth LLC now owns 2,524 shares of the construction company’s stock valued at $259,000 after purchasing an additional 460 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in PulteGroup by 79.5% in the first quarter. Crossmark Global Holdings Inc. now owns 28,389 shares of the construction company’s stock valued at $2,918,000 after purchasing an additional 12,572 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI dropped their price target on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday, October 22nd. Oppenheimer boosted their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Citigroup boosted their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings raised PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.67.

PulteGroup Stock Performance

PulteGroup stock opened at $119.44 on Thursday. The business has a 50 day moving average of $128.72 and a 200-day moving average of $116.09. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $142.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $23.28 billion, a P/E ratio of 9.19, a P/E/G ratio of 0.95 and a beta of 1.29.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the firm posted $3.35 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup’s dividend payout ratio is presently 6.77%.

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.