Nisa Investment Advisors LLC Sells 1,593 Shares of PulteGroup, Inc. $PHM

Nisa Investment Advisors LLC trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,442 shares of the construction company’s stock after selling 1,593 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PulteGroup were worth $10,086,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PHM. Reyes Financial Architecture Inc. grew its stake in shares of PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after purchasing an additional 228 shares during the last quarter. Xponance Inc. grew its position in shares of PulteGroup by 38.6% in the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock valued at $4,008,000 after buying an additional 10,867 shares during the last quarter. Florida Financial Advisors LLC increased its stake in shares of PulteGroup by 30.5% in the first quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock valued at $496,000 after buying an additional 1,129 shares during the period. Edgestream Partners L.P. raised its position in shares of PulteGroup by 2,687.0% during the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock worth $7,947,000 after acquiring an additional 74,536 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of PulteGroup by 15.9% in the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after acquiring an additional 125 shares during the period. Institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PHM shares. Royal Bank Of Canada raised their price target on shares of PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on shares of PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Evercore ISI dropped their target price on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a report on Wednesday, October 22nd. Wells Fargo & Company increased their price target on PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.67.

PulteGroup Price Performance

PHM stock opened at $120.25 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $130.19 and its 200-day moving average is $114.87. The stock has a market capitalization of $23.44 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.29. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $142.11.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.35 EPS. Equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is presently 6.77%.

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.