Cetera Trust Company N.A Has $996,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

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

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in PulteGroup during the 3rd quarter worth about $29,000. JNBA Financial Advisors acquired a new stake in shares of PulteGroup during the 3rd quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in PulteGroup by 1,059.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after acquiring an additional 72 shares during the period. 89.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PHM. Wells Fargo & Company reduced their price target on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Oppenheimer reduced their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI cut their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised shares of PulteGroup from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $154.00 to $148.00 in a research note on Wednesday, January 8th. Finally, Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.14.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $116.19 on Wednesday. The firm has a 50 day moving average of $119.75 and a 200-day moving average of $127.34. The stock has a market capitalization of $23.83 billion, a PE ratio of 8.55, a PEG ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

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

PulteGroup Increases Dividend

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

PulteGroup Company 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.