Insider Selling: PulteGroup, Inc. (NYSE:PHM) Director Sells 18,766 Shares of Stock

PulteGroup, Inc. (NYSE:PHM) Director Brian P. Anderson sold 18,766 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $32.28, for a total value of $605,766.48. Following the completion of the transaction, the director now directly owns 104,735 shares of the company’s stock, valued at approximately $3,380,845.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NYSE PHM traded down $0.33 during mid-day trading on Tuesday, reaching $31.99. The stock had a trading volume of 4,761,606 shares, compared to its average volume of 4,261,681. PulteGroup, Inc. has a 1 year low of $20.64 and a 1 year high of $33.15. The firm has a market cap of $8.85 billion, a PE ratio of 8.91, a PEG ratio of 1.39 and a beta of 0.76. The business’s fifty day moving average price is $32.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, April 23rd. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.12. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.93 billion. PulteGroup had a net margin of 9.97% and a return on equity of 21.65%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, research analysts expect that PulteGroup, Inc. will post 3.4 earnings per share for the current year.



The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Friday, June 14th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, June 13th. PulteGroup’s dividend payout ratio is currently 12.26%.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, April 25th. BTIG Research upgraded PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target on the stock in a report on Wednesday, April 24th. Buckingham Research increased their price target on PulteGroup from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised PulteGroup from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $24.00 to $25.50 in a research note on Wednesday, April 10th. Finally, Barclays set a $28.00 price objective on PulteGroup and gave the stock a “hold” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.53.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHM. Acadian Asset Management LLC acquired a new position in shares of PulteGroup during the fourth quarter worth $233,000. PNC Financial Services Group Inc. raised its position in shares of PulteGroup by 24.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 55,054 shares of the construction company’s stock worth $1,430,000 after purchasing an additional 10,907 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of PulteGroup by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 25,058 shares of the construction company’s stock worth $651,000 after purchasing an additional 513 shares during the last quarter. Advisor Group Inc. raised its position in shares of PulteGroup by 16.6% during the 4th quarter. Advisor Group Inc. now owns 62,958 shares of the construction company’s stock worth $1,635,000 after purchasing an additional 8,967 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of PulteGroup by 10.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 45,779 shares of the construction company’s stock worth $1,041,000 after purchasing an additional 4,200 shares during the last quarter. 84.74% of the stock is owned by institutional investors and hedge funds.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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