Private Trust Co. NA Has $606,000 Position in PulteGroup, Inc. (NYSE:PHM)

Private Trust Co. NA grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 257.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,223 shares of the construction company’s stock after purchasing an additional 3,042 shares during the quarter. Private Trust Co. NA’s holdings in PulteGroup were worth $606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft acquired a new stake in PulteGroup during the 2nd quarter worth approximately $629,000. Cetera Investment Advisers grew its stake in shares of PulteGroup by 128.4% in the first quarter. Cetera Investment Advisers now owns 94,588 shares of the construction company’s stock worth $11,409,000 after purchasing an additional 53,175 shares during the last quarter. New Millennium Group LLC increased its holdings in PulteGroup by 10,625.8% in the third quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 9,457 shares during the period. Trustmark National Bank Trust Department raised its position in PulteGroup by 39.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock worth $5,682,000 after purchasing an additional 11,269 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in PulteGroup by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 331,553 shares of the construction company’s stock worth $39,993,000 after buying an additional 12,164 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Down 1.5 %

PulteGroup stock opened at $135.63 on Wednesday. The firm has a market capitalization of $27.82 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. The firm’s fifty day moving average price is $136.60 and its two-hundred day moving average price is $126.17. PulteGroup, Inc. has a 1-year low of $86.59 and a 1-year 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 announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.65%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is 5.90%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PHM shares. Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Evercore ISI reduced their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Bank of America lifted their target price on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Oppenheimer cut their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.00.

PulteGroup 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.