Nilsine Partners LLC Has $2.54 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Nilsine Partners LLC boosted its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 20.3% in the first quarter, according to its most recent Form 13F 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 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Merit Financial Group LLC grew its holdings in PulteGroup by 20.5% in the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock worth $1,582,000 after purchasing an additional 2,613 shares during the period. Hudson Capital Management LLC grew its holdings in PulteGroup by 8.6% in the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock worth $4,246,000 after purchasing an additional 3,266 shares during the period. Vest Financial LLC grew its holdings in PulteGroup by 1,311.3% in the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock worth $32,148,000 after purchasing an additional 290,564 shares during the period. NBC Securities Inc. grew its holdings in shares of PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after buying an additional 5,190 shares during the last quarter. Finally, Argyle Capital Management LLC grew its holdings in shares of PulteGroup by 1.5% during the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after buying an additional 641 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PHM. Wells Fargo & Company reduced their price objective on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wedbush reiterated an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank Of Canada reduced their price objective on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI lifted their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Stock Up 2.4%

PHM opened at $101.56 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80. The company's 50-day moving average is $100.58 and its 200 day moving average is $105.89. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The firm has a market capitalization of $20.36 billion, a P/E ratio of 7.16, a PEG ratio of 0.29 and a beta of 1.29.

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

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, June 17th. PulteGroup's dividend payout ratio is 6.21%.

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.

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