PulteGroup, Inc. (NYSE:PHM) Director Richard J. Dugas, Jr. sold 162,000 shares of PulteGroup stock in a transaction on Monday, April 17th. The shares were sold at an average price of $24.08, for a total transaction of $3,900,960.00. Following the completion of the sale, the director now owns 1,211,927 shares of the company’s stock, valued at approximately $29,183,202.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
PulteGroup, Inc. (NYSE:PHM) opened at 23.34 on Friday. PulteGroup, Inc. has a 12-month low of $17.58 and a 12-month high of $24.43. The firm’s 50-day moving average is $23.44 and its 200-day moving average is $20.58. The stock has a market capitalization of $7.42 billion, a P/E ratio of 13.35 and a beta of 1.24.
PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, January 26th. The construction company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. PulteGroup had a return on equity of 12.29% and a net margin of 7.86%. The business earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. Analysts predict that PulteGroup, Inc. will post $2.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, March 8th. PulteGroup’s dividend payout ratio is 20.22%.
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Large investors have recently modified their holdings of the company. Argyle Capital Management Inc. purchased a new stake in shares of PulteGroup during the third quarter valued at $251,000. Orinda Asset Management LLC purchased a new stake in shares of PulteGroup during the third quarter valued at $153,000. Berkshire Asset Management LLC PA boosted its stake in shares of PulteGroup by 1.1% in the third quarter. Berkshire Asset Management LLC PA now owns 279,778 shares of the construction company’s stock valued at $5,607,000 after buying an additional 2,914 shares in the last quarter. OLD Second National Bank of Aurora boosted its stake in shares of PulteGroup by 1.7% in the third quarter. OLD Second National Bank of Aurora now owns 38,190 shares of the construction company’s stock valued at $766,000 after buying an additional 650 shares in the last quarter. Finally, HL Financial Services LLC boosted its stake in shares of PulteGroup by 26.8% in the third quarter. HL Financial Services LLC now owns 150,182 shares of the construction company’s stock valued at $3,010,000 after buying an additional 31,727 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.
PHM has been the subject of several research reports. Royal Bank of Canada lifted their price target on shares of PulteGroup from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Barclays PLC reissued an “overweight” rating and issued a $24.00 price target (up previously from $23.00) on shares of PulteGroup in a research report on Tuesday, March 7th. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, January 30th. BTIG Research initiated coverage on shares of PulteGroup in a research report on Tuesday, February 7th. They issued a “neutral” rating for the company. Finally, FBR & Co raised shares of PulteGroup from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $23.00 to $26.00 in a research report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. PulteGroup presently has an average rating of “Hold” and an average target price of $22.90.
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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