PulteGroup, Inc. (NYSE:PHM) saw unusually large options trading activity on Tuesday. Traders acquired 30,195 call options on the stock. This represents an increase of 961% compared to the average volume of 2,846 call options.

PulteGroup (NYSE:PHM) opened at 24.78 on Friday. The company has a market capitalization of $7.48 billion, a PE ratio of 13.71 and a beta of 1.14. PulteGroup has a 12 month low of $17.69 and a 12 month high of $25.74. The firm’s 50-day moving average is $24.59 and its 200-day moving average is $23.22.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Equities analysts anticipate that PulteGroup will post $2.09 EPS for the current fiscal year.

Several research analysts recently weighed in on PHM shares. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Wedbush restated an “underperform” rating and issued a $15.00 price objective on shares of PulteGroup in a research report on Tuesday, April 25th. Mizuho started coverage on shares of PulteGroup in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $22.00 price objective on the stock. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Finally, Credit Suisse Group started coverage on shares of PulteGroup in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.08.

In related news, Director Brian P. Anderson sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the transaction, the director now directly owns 108,744 shares in the company, valued at $2,520,685.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in PHM. BlackRock Inc. increased its stake in PulteGroup by 3,521.7% in the first quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock worth $539,092,000 after buying an additional 22,259,277 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in PulteGroup during the first quarter worth about $92,466,000. Wedge Capital Management L L P NC purchased a new stake in PulteGroup during the first quarter worth about $59,083,000. Fiera Capital Corp purchased a new stake in PulteGroup during the second quarter worth about $45,333,000. Finally, LSV Asset Management increased its stake in PulteGroup by 150.9% in the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after buying an additional 1,220,579 shares during the last quarter. 92.52% of the stock is currently owned by institutional investors and hedge funds.

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About PulteGroup

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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