PulteGroup, Inc. (PHM) CFO Sells $3,144,992.00 in Stock
PulteGroup, Inc. (NYSE:PHM) CFO Robert Oshaughnessy sold 92,800 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.89, for a total transaction of $3,144,992.00. Following the completion of the sale, the chief financial officer now owns 363,722 shares in the company, valued at $12,326,538.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PulteGroup, Inc. (PHM) traded down $0.20 during trading on Tuesday, reaching $33.81. 4,009,300 shares of the company were exchanged, compared to its average volume of 5,077,911. The company has a market capitalization of $10,024.30, a P/E ratio of 16.63, a P/E/G ratio of 0.91 and a beta of 1.21. PulteGroup, Inc. has a 1-year low of $18.18 and a 1-year high of $34.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. analysts predict that PulteGroup, Inc. will post 2.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, December 11th. PulteGroup’s dividend payout ratio (DPR) is presently 17.91%.
Institutional investors and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC grew its position in shares of PulteGroup by 68.5% in the 2nd quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 400 shares during the period. Tower Research Capital LLC TRC grew its position in shares of PulteGroup by 3.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares during the period. Invictus RG grew its position in shares of PulteGroup by 1,473.4% in the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after acquiring an additional 3,993 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of PulteGroup in the 3rd quarter valued at about $150,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of PulteGroup by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after acquiring an additional 465 shares during the period. 84.80% of the stock is owned by institutional investors.
PHM has been the topic of a number of research analyst reports. Buckingham Research lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $31.00 to $33.00 in a report on Sunday, November 26th. KeyCorp restated a “hold” rating on shares of PulteGroup in a report on Wednesday, November 1st. B. Riley restated a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Barclays set a $26.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average 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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