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

Nilsine Partners LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 929.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,574 shares of the construction company’s stock after buying an additional 18,575 shares during the quarter. Nilsine Partners LLC’s holdings in PulteGroup were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PHM. Thrivent Financial for Lutherans grew its stake in shares of PulteGroup by 23.1% during the second quarter. Thrivent Financial for Lutherans now owns 18,364 shares of the construction company’s stock worth $2,022,000 after acquiring an additional 3,446 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in PulteGroup by 61.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,817 shares of the construction company’s stock worth $861,000 after purchasing an additional 2,970 shares in the last quarter. APG Asset Management N.V. grew its position in PulteGroup by 147.0% during the 2nd quarter. APG Asset Management N.V. now owns 26,383 shares of the construction company’s stock worth $2,710,000 after purchasing an additional 15,700 shares during the last quarter. MBB Public Markets I LLC acquired a new position in PulteGroup during the 2nd quarter valued at approximately $1,729,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of PulteGroup in the second quarter worth $226,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PHM. Oppenheimer dropped their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. BTIG Research boosted 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. JPMorgan Chase & Co. reduced their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Evercore ISI dropped their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group raised shares of PulteGroup from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $154.00 to $148.00 in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and a consensus price target of $142.29.

PulteGroup Price Performance

NYSE:PHM opened at $117.99 on Tuesday. The stock has a market capitalization of $24.20 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $119.02 and its 200-day moving average price is $127.56.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.75%. PulteGroup’s payout ratio is 6.49%.

PulteGroup 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.