Nisa Investment Advisors LLC Has $10.09 Million Holdings in PulteGroup, Inc. $PHM

Nisa Investment Advisors LLC reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,442 shares of the construction company’s stock after selling 1,593 shares during the period. Nisa Investment Advisors LLC’s holdings in PulteGroup were worth $10,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. WPG Advisers LLC acquired a new stake in shares of PulteGroup during the first quarter worth $25,000. Hager Investment Management Services LLC increased its position in PulteGroup by 33.3% during the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after acquiring an additional 105 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in PulteGroup in the 1st quarter worth about $54,000. REAP Financial Group LLC boosted its holdings in PulteGroup by 188.1% in the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after purchasing an additional 348 shares during the period. Finally, Quarry LP grew its position in shares of PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after purchasing an additional 174 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Trading Down 0.2%

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

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

PulteGroup Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America cut their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of PulteGroup in a research report on Tuesday, October 21st. Citigroup increased their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. UBS Group boosted their price target on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $133.67.

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.