Blue Trust Inc. Has $935,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Blue Trust Inc. lifted its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 44.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,589 shares of the construction company's stock after buying an additional 2,644 shares during the quarter. Blue Trust Inc.'s holdings in PulteGroup were worth $935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grove Bank & Trust grew its position in PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock worth $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC grew its holdings in shares of PulteGroup by 17.2% during the 3rd quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners increased its position in shares of PulteGroup by 1.7% in the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock worth $718,000 after purchasing an additional 83 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in PulteGroup by 3.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company's stock valued at $438,000 after purchasing an additional 88 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its position in PulteGroup by 3.8% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock worth $280,000 after purchasing an additional 95 shares during the period. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Down 1.9 %

Shares of NYSE PHM traded down $2.15 during midday trading on Wednesday, reaching $112.90. The stock had a trading volume of 2,859,602 shares, compared to its average volume of 2,047,783. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company's 50 day moving average price is $118.53 and its 200 day moving average price is $127.58. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.

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 0.78%. This is a boost from PulteGroup's previous quarterly dividend of $0.20. PulteGroup's dividend payout ratio is 6.49%.

Analysts Set New Price Targets

Several research firms have commented on PHM. Wedbush raised shares of PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. Oppenheimer decreased their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Bank of America cut their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research note on Monday. BTIG Research lifted their price target on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI dropped their price objective on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $142.29.

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.