Traders Sell PulteGroup, Inc. (PHM) on Strength (PHM)
Traders sold shares of PulteGroup, Inc. (NYSE:PHM) on strength during trading hours on Thursday. $18.59 million flowed into the stock on the tick-up and $36.53 million flowed out of the stock on the tick-down, for a money net flow of $17.94 million out of the stock. Of all equities tracked, PulteGroup had the 0th highest net out-flow for the day. PulteGroup traded up $0.16 for the day and closed at $31.07
Several research firms recently weighed in on PHM. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Bank of America Corporation set a $34.00 target price on PulteGroup and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Barclays PLC set a $26.00 target price on PulteGroup and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. PulteGroup has an average rating of “Hold” and an average price target of $28.67.
The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $9,133.57, a PE ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.18.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. equities research analysts predict that PulteGroup, Inc. will post 2.21 earnings per share for the current fiscal year.
In other news, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the transaction, the insider now directly owns 294,369 shares in the company, valued at $8,742,759.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Cadence Capital Management LLC bought a new stake in PulteGroup in the third quarter worth approximately $301,000. Capital Growth Management LP increased its holdings in PulteGroup by 90.0% in the third quarter. Capital Growth Management LP now owns 1,900,000 shares of the construction company’s stock worth $51,927,000 after purchasing an additional 900,000 shares in the last quarter. Legal & General Group Plc increased its holdings in PulteGroup by 7.0% in the third quarter. Legal & General Group Plc now owns 1,400,672 shares of the construction company’s stock worth $38,281,000 after purchasing an additional 91,602 shares in the last quarter. Trustmark National Bank Trust Department bought a new stake in PulteGroup in the third quarter worth approximately $716,000. Finally, Peloton Wealth Strategists increased its holdings in PulteGroup by 2.8% in the third quarter. Peloton Wealth Strategists now owns 92,200 shares of the construction company’s stock worth $2,520,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
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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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