Trust Co. of Oklahoma Purchases New Shares in PulteGroup, Inc. (NYSE:PHM)

Trust Co. of Oklahoma acquired a new position in PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,546 shares of the construction company’s stock, valued at approximately $277,000.

Several other large investors also recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in PulteGroup by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock valued at $1,647,364,000 after buying an additional 585,735 shares during the last quarter. FMR LLC lifted its stake in shares of PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock valued at $1,297,630,000 after acquiring an additional 4,571,757 shares during the period. Greenhaven Associates Inc. increased its position in PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock worth $802,789,000 after purchasing an additional 16,871 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in PulteGroup by 7.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock worth $267,546,000 after purchasing an additional 135,391 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in PulteGroup by 10.0% during the 4th quarter. Nordea Investment Management AB now owns 1,424,119 shares of the construction company’s stock valued at $155,856,000 after purchasing an additional 129,975 shares during the period. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 1.0 %

Shares of NYSE:PHM opened at $116.95 on Thursday. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.46 and a beta of 1.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47. The company’s fifty day simple moving average is $119.54 and its 200 day simple moving average is $127.27.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $2.90 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts forecast that PulteGroup, Inc. will post 12.96 EPS for the current fiscal year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 0.75%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is 6.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PHM shares. UBS Group raised shares of PulteGroup from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $154.00 to $148.00 in a research note on Wednesday, January 8th. Barclays dropped their target price on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their price target on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, BTIG Research boosted their target price on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.