PulteGroup, Inc. (NYSE:PHM) insider James R. Ellinghausen sold 67,490 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of PulteGroup, Inc. (PHM) traded down $0.39 during trading hours on Wednesday, reaching $33.10. 4,990,005 shares of the company were exchanged, compared to its average volume of 5,086,665. 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 $10,124.24, a P/E ratio of 16.80, a P/E/G ratio of 0.92 and a beta of 1.21. PulteGroup, Inc. has a 1 year low of $18.18 and a 1 year high of $34.60.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. analysts predict that PulteGroup, Inc. will post 2.2 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Achmea Investment Management B.V. acquired a new stake in shares of PulteGroup during the 2nd quarter valued at approximately $253,000. Peloton Wealth Strategists lifted its position in shares of PulteGroup by 4.7% during the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock valued at $2,200,000 after acquiring an additional 4,000 shares during the period. Aviva PLC lifted its position in shares of PulteGroup by 9.5% during the 2nd quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock valued at $4,399,000 after acquiring an additional 15,540 shares during the period. Mirador Capital Partners LP lifted its position in shares of PulteGroup by 3.7% during the 2nd quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock valued at $1,246,000 after acquiring an additional 1,728 shares during the period. Finally, HAP Trading LLC lifted its position in shares of PulteGroup by 26.7% during the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock valued at $2,368,000 after acquiring an additional 20,336 shares during the period. Hedge funds and other institutional investors own 84.80% of the company’s stock.
PHM has been the topic of a number of research reports. UBS initiated coverage on PulteGroup in a report on Wednesday, October 25th. They set a “buy” rating and a $38.00 price target on the stock. Credit Suisse Group set a $35.00 price target on PulteGroup and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, September 26th. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price target on shares of PulteGroup in a report on Monday, September 25th. Finally, Bank of America set a $34.00 price target on PulteGroup and gave the stock a “buy” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $29.92.
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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