PulteGroup, Inc. (NYSE:PHM) VP Sells $206,180.00 in Stock

PulteGroup, Inc. (NYSE:PHMGet Free Report) VP Brien P. O’meara sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total transaction of $206,180.00. Following the sale, the vice president now owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

PulteGroup Trading Up 0.4 %

Shares of PulteGroup stock opened at $103.01 on Thursday. PulteGroup, Inc. has a 52-week low of $52.24 and a 52-week high of $110.75. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The company’s 50-day simple moving average is $101.75 and its 200-day simple moving average is $87.15. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the business posted $3.63 earnings per share. The business’s revenue was down 15.5% compared to the same quarter last year. As a group, equities research analysts anticipate that PulteGroup, Inc. will post 11.92 earnings per share for the current year.

PulteGroup declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 0.78%. PulteGroup’s payout ratio is currently 6.81%.

Analysts Set New Price Targets

Several equities analysts have commented on PHM shares. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group lifted their price objective on shares of PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. UBS Group cut shares of PulteGroup from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $93.00 to $120.00 in a research report on Thursday, January 4th. Wedbush reissued a “neutral” rating and issued a $85.00 price target on shares of PulteGroup in a research report on Wednesday, January 31st. Finally, Citigroup cut shares of PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the company from $87.00 to $113.00 in a research report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.31.

Get Our Latest Report on PHM

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clear Street Markets LLC lifted its stake in shares of PulteGroup by 90.9% during the first quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock valued at $26,000 after buying an additional 210 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in PulteGroup in the 4th quarter valued at about $26,000. Coppell Advisory Solutions LLC acquired a new position in PulteGroup during the 2nd quarter valued at about $29,000. West Tower Group LLC acquired a new position in PulteGroup during the 2nd quarter valued at about $30,000. Finally, Grove Bank & Trust grew its stake in shares of PulteGroup by 98.1% in the 2nd quarter. Grove Bank & Trust now owns 410 shares of the construction company’s stock worth $32,000 after purchasing an additional 203 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

About PulteGroup

(Get Free Report)

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, American West, and John Wieland Homes and Neighborhoods brand names.

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