PulteGroup Sees Unusually Large Options Volume (PHM)

PulteGroup, Inc. (NYSE:PHM) was the target of unusually large options trading activity on Tuesday. Investors purchased 7,088 put options on the company. This represents an increase of approximately 1,318% compared to the typical volume of 500 put options.

In other news, Director Brian P. Anderson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $28.96, for a total transaction of $144,800.00. Following the completion of the sale, the director now owns 101,235 shares in the company, valued at approximately $2,931,765.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new position in shares of PulteGroup in the second quarter worth $112,000. Rehmann Capital Advisory Group grew its stake in shares of PulteGroup by 54.9% in the second quarter. Rehmann Capital Advisory Group now owns 6,187 shares of the construction company’s stock worth $178,000 after acquiring an additional 2,193 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of PulteGroup in the second quarter worth $232,000. Segall Bryant & Hamill LLC acquired a new position in shares of PulteGroup in the second quarter worth $232,000. Finally, First Republic Investment Management Inc. grew its stake in shares of PulteGroup by 30.1% in the first quarter. First Republic Investment Management Inc. now owns 8,027 shares of the construction company’s stock worth $237,000 after acquiring an additional 1,859 shares in the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.

PulteGroup stock opened at $25.53 on Thursday. PulteGroup has a fifty-two week low of $25.17 and a fifty-two week high of $35.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $7.30 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.38 and a beta of 1.04.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, July 26th. The construction company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.15. PulteGroup had a net margin of 7.92% and a return on equity of 19.95%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 27.1% on a year-over-year basis. sell-side analysts expect that PulteGroup will post 3.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th will be issued a $0.09 dividend. The ex-dividend date is Monday, September 17th. This represents a $0.36 annualized dividend and a yield of 1.41%. PulteGroup’s dividend payout ratio (DPR) is presently 16.44%.

A number of brokerages have recently issued reports on PHM. Wedbush restated a “neutral” rating on shares of PulteGroup in a report on Monday, July 16th. Citigroup raised their price target on shares of PulteGroup from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. ValuEngine downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, June 4th. BTIG Research downgraded shares of PulteGroup from a “neutral” rating to a “sell” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Finally, Mizuho downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a report on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and a consensus target price of $34.07.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.

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