Trust Co. of Oklahoma Invests $277,000 in PulteGroup, Inc. (NYSE:PHM)

Trust Co. of Oklahoma acquired a new stake in shares of 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. The institutional investor acquired 2,546 shares of the construction company’s stock, valued at approximately $277,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in shares of PulteGroup by 102.3% in the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock valued at $1,297,630,000 after purchasing an additional 4,571,757 shares during the period. Franklin Resources Inc. grew its stake 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. Westfield Capital Management Co. LP bought a new position in PulteGroup in the 3rd quarter worth $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in PulteGroup by 357.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock worth $74,917,000 after acquiring an additional 407,764 shares during the last quarter. Finally, KBC Group NV boosted its holdings in PulteGroup by 1,020.0% during the third quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock valued at $62,568,000 after acquiring an additional 397,003 shares during the period. 89.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. BTIG Research upped their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup decreased their price target on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

PulteGroup Trading Up 1.0 %

Shares of PHM opened at $116.95 on Thursday. The stock has a 50 day simple moving average of $119.54 and a 200-day simple moving average of $127.27. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The stock has a market cap of $23.98 billion, a PE ratio of 8.62, a PEG ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business earned $2.90 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts predict 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. Investors of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) 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.