Nilsine Partners LLC Acquires 18,575 Shares of PulteGroup, Inc. (NYSE:PHM)

Nilsine Partners LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 929.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,574 shares of the construction company’s stock after acquiring 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 SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in shares of PulteGroup by 5.5% during 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 purchasing an additional 585,735 shares during the last quarter. FMR LLC increased its position in PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock valued at $1,297,630,000 after acquiring an additional 4,571,757 shares during the last quarter. Greenhaven Associates Inc. raised its stake in shares of PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after acquiring an additional 16,871 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of PulteGroup by 7.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock worth $267,546,000 after acquiring an additional 135,391 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of PulteGroup by 10.0% during the 4th quarter. Nordea Investment Management AB now owns 1,424,119 shares of the construction company’s stock worth $155,856,000 after purchasing an additional 129,975 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Trading Up 2.0 %

PHM opened at $117.99 on Tuesday. 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 firm has a market cap of $24.20 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47. The stock has a fifty day moving average price of $119.02 and a 200-day moving average price of $127.56.

PulteGroup Increases Dividend

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

Wall Street Analyst Weigh In

PHM has been the topic of a number of recent analyst reports. Barclays reduced their price objective on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Wedbush raised PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Friday, January 3rd. UBS Group raised PulteGroup from a “neutral” rating to a “buy” rating and cut their price objective for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Citigroup lowered their target price on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.29.

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.