Nisa Investment Advisors LLC Has $17.22 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Nisa Investment Advisors LLC increased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,794 shares of the construction company's stock after buying an additional 22,186 shares during the period. Nisa Investment Advisors LLC owned 0.06% of PulteGroup worth $17,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PHM. Greenhaven Associates Inc. lifted its position in PulteGroup by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company's stock valued at $802,789,000 after purchasing an additional 16,871 shares during the period. Pacer Advisors Inc. boosted its stake in shares of PulteGroup by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company's stock valued at $326,864,000 after purchasing an additional 235,826 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of PulteGroup by 19.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company's stock valued at $168,254,000 after purchasing an additional 250,937 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of PulteGroup by 18.4% in the 1st quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company's stock valued at $130,986,000 after purchasing an additional 168,746 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of PulteGroup by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company's stock valued at $106,183,000 after purchasing an additional 53,924 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PHM. Barclays raised their target price on shares of PulteGroup from $131.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Wells Fargo & Company raised their target price on shares of PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Wedbush reaffirmed a "neutral" rating and issued a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd. Bank of America lifted their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lifted their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the sale, the chief financial officer now directly owns 160,330 shares in the company, valued at $20,729,065.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the sale, the chief financial officer now directly owns 160,330 shares in the company, valued at $20,729,065.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the completion of the sale, the director now owns 45,230 shares in the company, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. Company insiders own 0.83% of the company's stock.

PulteGroup Stock Up 0.6 %

PHM stock traded up $0.72 during mid-day trading on Wednesday, hitting $130.30. 1,405,876 shares of the company were exchanged, compared to its average volume of 1,841,902. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $26.72 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.54 and a beta of 1.62. The firm's 50 day simple moving average is $137.44 and its 200 day simple moving average is $123.65. PulteGroup, Inc. has a 1-year low of $72.45 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $2.90 EPS. On average, sell-side analysts predict that PulteGroup, Inc. will post 12.98 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.61%. PulteGroup's dividend payout ratio (DPR) is currently 6.41%.

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.