PulteGroup, Inc. (NYSE:PHM) Short Interest Update

PulteGroup, Inc. (NYSE:PHM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 15,120,000 shares, a growth of 6.9% from the December 15th total of 14,150,000 shares. Based on an average daily trading volume, of 3,300,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.9% of the shares of the company are short sold.

NYSE PHM traded up $0.16 on Friday, reaching $41.82. 47,605 shares of the stock traded hands, compared to its average volume of 3,171,027. The firm’s fifty day simple moving average is $39.65 and its 200 day simple moving average is $36.35. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.53. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.27 and a beta of 0.60. PulteGroup has a 12 month low of $25.10 and a 12 month high of $41.74.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.58 billion. PulteGroup had a return on equity of 20.02% and a net margin of 9.01%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. As a group, equities research analysts forecast that PulteGroup will post 3.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.12 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is presently 13.37%.

A number of brokerages recently issued reports on PHM. Bank of America raised PulteGroup from an “underperform” rating to a “neutral” rating and set a $44.00 price objective for the company in a report on Tuesday, January 7th. Seaport Global Securities lowered PulteGroup from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Co increased their price objective on PulteGroup from $34.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, October 23rd. Goldman Sachs Group began coverage on PulteGroup in a report on Friday, December 6th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research raised PulteGroup from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.45.

In related news, SVP James L. Ossowski sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the transaction, the senior vice president now directly owns 25,750 shares of the company’s stock, valued at approximately $1,028,712.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Neo Ivy Capital Management purchased a new stake in shares of PulteGroup during the second quarter worth $39,000. Executive Wealth Management LLC raised its holdings in shares of PulteGroup by 30.2% during the third quarter. Executive Wealth Management LLC now owns 1,302 shares of the construction company’s stock worth $47,000 after acquiring an additional 302 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of PulteGroup during the second quarter worth $47,000. KCS Wealth Advisory purchased a new stake in shares of PulteGroup during the third quarter worth $60,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of PulteGroup by 3,626.7% during the third quarter. AdvisorNet Financial Inc now owns 1,677 shares of the construction company’s stock worth $61,000 after acquiring an additional 1,632 shares in the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Company Profile

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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