Insider Selling: PulteGroup, Inc. (PHM) CFO Sells $3,144,992.00 in Stock

PulteGroup, Inc. (NYSE:PHM) CFO Robert Oshaughnessy sold 92,800 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the sale, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PulteGroup, Inc. (NYSE:PHM) opened at $33.05 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $9,903.77, a P/E ratio of 16.43, a PEG ratio of 0.90 and a beta of 1.21. PulteGroup, Inc. has a 52 week low of $18.18 and a 52 week high of $34.60.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. research analysts anticipate that PulteGroup, Inc. will post 2.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, December 11th. PulteGroup’s payout ratio is 17.91%.

A number of equities research analysts have recently weighed in on PHM shares. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Friday, October 27th. Credit Suisse Group set a $35.00 price target on PulteGroup and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Citigroup downgraded PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price for the company. in a report on Friday, October 20th. MKM Partners reaffirmed a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PulteGroup in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.92.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. increased its position in shares of PulteGroup by 7.3% during the third quarter. Moors & Cabot Inc. now owns 27,543 shares of the construction company’s stock worth $755,000 after purchasing an additional 1,865 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of PulteGroup during the third quarter worth approximately $150,000. Coldstream Capital Management Inc. purchased a new stake in shares of PulteGroup during the third quarter worth approximately $680,000. Neuberger Berman Group LLC increased its position in shares of PulteGroup by 885.5% during the third quarter. Neuberger Berman Group LLC now owns 396,818 shares of the construction company’s stock worth $10,845,000 after purchasing an additional 356,551 shares in the last quarter. Finally, Guardian Capital LP grew its holdings in PulteGroup by 46.3% in the 3rd quarter. Guardian Capital LP now owns 466,305 shares of the construction company’s stock valued at $12,744,000 after buying an additional 147,632 shares in the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.

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About PulteGroup

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.

Insider Buying and Selling by Quarter for PulteGroup (NYSE:PHM)

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