PulteGroup, Inc. (NYSE:PHM) Director Patrick J. Oleary sold 8,677 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $30.03, for a total transaction of $260,570.31. Following the transaction, the director now owns 90,687 shares of the company’s stock, valued at approximately $2,723,330.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of PulteGroup, Inc. (NYSE:PHM) traded up $0.08 on Friday, reaching $29.27. 3,880,177 shares of the company were exchanged, compared to its average volume of 5,510,000. PulteGroup, Inc. has a one year low of $21.31 and a one year high of $35.21. The company has a market cap of $8,600.00, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.46 and a beta of 1.03.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.67 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. analysts expect that PulteGroup, Inc. will post 3.11 EPS for the current fiscal year.
PulteGroup announced that its Board of Directors has authorized a share repurchase plan on Tuesday, January 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.23%. PulteGroup’s payout ratio is 17.48%.
A number of institutional investors and hedge funds have recently made changes to their positions in PHM. Focused Wealth Management Inc bought a new stake in PulteGroup during the 4th quarter valued at about $113,000. Invictus RG lifted its holdings in PulteGroup by 1,473.4% during the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after buying an additional 3,993 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in PulteGroup during the 4th quarter valued at about $119,000. National Pension Service bought a new stake in PulteGroup during the 4th quarter valued at about $138,000. Finally, Fieldpoint Private Securities LLC bought a new stake in PulteGroup during the 3rd quarter valued at about $150,000. Institutional investors own 83.80% of the company’s stock.
Several equities research analysts have recently issued reports on PHM shares. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Friday, October 27th. Mizuho upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wedbush raised their target price on shares of PulteGroup from $27.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 29th. Finally, Buckingham Research lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $33.00 in a report on Sunday, November 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. PulteGroup presently has a consensus rating of “Buy” and a consensus target price of $32.85.
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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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