Nilsine Partners LLC increased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 929.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PHM. Grove Bank & Trust raised its stake in PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock valued at $66,000 after purchasing an additional 72 shares during the last quarter. Cromwell Holdings LLC grew its holdings in shares of PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners raised 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 valued at $718,000 after buying an additional 83 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company's stock valued at $438,000 after acquiring an additional 88 shares during 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 buying an additional 95 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PHM has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Evercore ISI decreased their price target on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. BTIG Research raised their target price on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Wedbush upgraded shares of 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. Finally, JPMorgan Chase & Co. lowered their price objective on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and an average target price of $142.29.
Read Our Latest Stock Report on PHM
PulteGroup Price Performance
Shares of NYSE:PHM traded down $3.00 during trading on Tuesday, reaching $115.05. The company had a trading volume of 2,130,256 shares, compared to its average volume of 2,062,233. The firm has a market capitalization of $23.59 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47. The firm's fifty day moving average is $118.80 and its 200 day moving average is $127.59.
PulteGroup Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup's previous quarterly dividend of $0.20. PulteGroup's payout ratio is currently 6.49%.
PulteGroup Company Profile
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Free Report)
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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