PulteGroup, Inc. (NYSE:PHM) Director Sells $266,125.00 in Stock

PulteGroup, Inc. (NYSE:PHM) Director Brian P. Anderson sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.45, for a total value of $266,125.00. Following the completion of the transaction, the director now owns 56,617 shares of the company’s stock, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PulteGroup Stock Performance

NYSE PHM opened at $106.67 on Friday. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $113.44 and a 200-day moving average price of $126.49. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.43 EPS for the current fiscal year.

PulteGroup declared that its Board of Directors has approved a share repurchase plan on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup’s payout ratio is presently 5.98%.

Hedge Funds Weigh In On PulteGroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its holdings in shares of PulteGroup by 18.4% in the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after acquiring an additional 72 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock valued at $81,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners raised its holdings in shares of PulteGroup by 1.7% in the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock valued at $718,000 after acquiring an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of PulteGroup by 3.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after acquiring an additional 88 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in PulteGroup by 16.7% in the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company’s stock valued at $68,000 after purchasing an additional 89 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PHM. Oppenheimer reduced their price objective on PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Bank of America reduced their price objective on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, January 27th. BTIG Research upped their price objective on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.86.

PulteGroup Company Profile

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