Nilsine Partners LLC Raises Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Nilsine Partners LLC boosted its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,749 shares of the construction company's stock after purchasing an additional 4,175 shares during the quarter. Nilsine Partners LLC's holdings in PulteGroup were worth $2,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in shares of PulteGroup during the fourth quarter valued at about $37,000. TD Waterhouse Canada Inc. increased its position in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after acquiring an additional 105 shares during the last quarter. American National Bank & Trust bought a new stake in PulteGroup during the first quarter worth $39,000. Quarry LP purchased a new position in PulteGroup in the fourth quarter worth $43,000. Finally, Sentry Investment Management LLC bought a new position in PulteGroup in the 1st quarter valued at $61,000. Institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI upped their price objective on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Trading Up 0.7%

Shares of NYSE PHM traded up $0.73 during mid-day trading on Tuesday, hitting $105.58. The stock had a trading volume of 2,578,343 shares, compared to its average volume of 2,019,761. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The business has a 50 day moving average price of $100.78 and a two-hundred day moving average price of $105.42. The firm has a market cap of $21.16 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the firm earned $3.10 EPS. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup's payout ratio is 6.21%.

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.