PulteGroup, Inc. (NYSE:PHM) Director Richard J. Dugas, Jr. sold 3,000 shares of PulteGroup stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $24.00, for a total value of $72,000.00. Following the completion of the sale, the director now owns 1,052,927 shares of the company’s stock, valued at approximately $25,270,248. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
PulteGroup, Inc. (NYSE:PHM) traded up 0.08% during trading on Monday, reaching $23.74. The company had a trading volume of 4,431,651 shares. The company has a market capitalization of $7.55 billion, a P/E ratio of 13.58 and a beta of 1.24. The stock has a 50 day moving average of $22.09 and a 200-day moving average of $20.01. PulteGroup, Inc. has a 12 month low of $16.60 and a 12 month high of $24.05.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.32 billion. PulteGroup had a return on equity of 12.29% and a net margin of 7.86%. PulteGroup’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Equities research analysts expect that PulteGroup, Inc. will post $2.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, March 8th. PulteGroup’s payout ratio is 20.22%.
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Several research firms have recently weighed in on PHM. Bank of America Corp raised PulteGroup from an “underperform” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Friday, January 27th. FBR & Co raised PulteGroup from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $23.00 to $26.00 in a research note on Tuesday, February 14th. BTIG Research began coverage on PulteGroup in a research note on Tuesday, February 7th. They issued a “neutral” rating on the stock. Zacks Investment Research raised PulteGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 price objective (up from $22.00) on shares of PulteGroup in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. PulteGroup presently has an average rating of “Hold” and a consensus target price of $22.90.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in PulteGroup during the fourth quarter valued at $61,761,000. Putnam Investments LLC raised its position in PulteGroup by 18.3% in the fourth quarter. Putnam Investments LLC now owns 3,349,908 shares of the company’s stock valued at $61,571,000 after buying an additional 519,262 shares during the last quarter. Numeric Investors LLC acquired a new position in PulteGroup during the fourth quarter valued at $504,000. Thrivent Financial for Lutherans raised its position in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the company’s stock valued at $187,000 after buying an additional 110 shares during the last quarter. Finally, Clough Capital Partners L P raised its position in PulteGroup by 32.7% in the fourth quarter. Clough Capital Partners L P now owns 1,236,221 shares of the company’s stock valued at $22,722,000 after buying an additional 304,821 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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