Stock Traders Buy Large Volume of PulteGroup Put Options (PHM)

PulteGroup, Inc. (NYSE:PHM) was the target of some unusual options trading activity on Tuesday. Traders bought 29,638 put options on the company. This represents an increase of approximately 1,131% compared to the average volume of 2,408 put options.

In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total transaction of $324,520.00. Following the transaction, the director now owns 108,744 shares in the company, valued at $2,520,685.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Affinity Wealth Management boosted its position in shares of PulteGroup by 32.5% in the first quarter. Affinity Wealth Management now owns 15,739 shares of the construction company’s stock worth $371,000 after buying an additional 3,858 shares in the last quarter. Hartwell J M Limited Partnership purchased a new position in shares of PulteGroup during the first quarter worth about $516,000. Americafirst Capital Management LLC purchased a new position in shares of PulteGroup during the first quarter worth about $360,000. Capstone Asset Management Co. boosted its position in shares of PulteGroup by 13.6% in the first quarter. Capstone Asset Management Co. now owns 43,920 shares of the construction company’s stock worth $1,034,000 after buying an additional 5,250 shares in the last quarter. Finally, Regentatlantic Capital LLC boosted its position in shares of PulteGroup by 20.7% in the first quarter. Regentatlantic Capital LLC now owns 48,772 shares of the construction company’s stock worth $1,149,000 after buying an additional 8,355 shares in the last quarter. Hedge funds and other institutional investors own 92.52% of the company’s stock.

PulteGroup (NYSE PHM) opened at 24.78 on Friday. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 13.71 and a beta of 1.14. The company has a 50-day moving average of $24.59 and a 200-day moving average of $23.22. PulteGroup has a 1-year low of $17.69 and a 1-year high of $25.74.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. Analysts predict that PulteGroup will post $2.09 earnings per share for the current year.

A number of research analysts recently commented on the stock. BidaskClub lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS Group AG lowered shares of PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Wedbush reiterated a “neutral” rating and set a $22.00 price objective on shares of PulteGroup in a research note on Tuesday, July 25th. Susquehanna Bancshares Inc lowered shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.08.

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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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