Blue Trust Inc. Acquires 166 Shares of PulteGroup, Inc. $PHM

Blue Trust Inc. grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,715 shares of the construction company’s stock after acquiring an additional 166 shares during the period. Blue Trust Inc.’s holdings in PulteGroup were worth $181,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PHM. WPG Advisers LLC purchased a new stake in shares of PulteGroup in the first quarter worth $25,000. Hager Investment Management Services LLC increased its stake in shares of PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after purchasing an additional 105 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of PulteGroup in the first quarter worth $54,000. REAP Financial Group LLC increased its stake in shares of PulteGroup by 188.1% in the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after purchasing an additional 348 shares in the last quarter. Finally, Quarry LP increased its stake in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after purchasing an additional 174 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Trading Down 0.1%

Shares of PHM opened at $124.73 on Thursday. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a 50-day moving average of $130.70 and a 200 day moving average of $113.33. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the business posted $3.83 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s payout ratio is currently 6.58%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PHM. Wells Fargo & Company increased their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup increased their price objective on shares of PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of PulteGroup in a research note on Wednesday, August 13th. Oppenheimer upped their target price on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.92.

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.