PulteGroup, Inc. (NYSE:PHM - Get Free Report) VP Brien P. O'meara sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the transaction, the vice president now owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PulteGroup Price Performance
PHM stock opened at $106.67 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.29 and a beta of 1.68. The company's fifty day simple moving average is $113.44 and its 200 day simple moving average is $126.49. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47.
PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, analysts expect that PulteGroup, Inc. will post 12.43 earnings per share for the current year.
PulteGroup Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio (DPR) is 5.98%.
PulteGroup declared that its board has initiated a share buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
Several research analysts have recently issued reports on PHM shares. Bank of America lowered their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a report on Monday, January 27th. Oppenheimer lowered their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. UBS Group lifted their price target on PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 31st. BTIG Research upped their price objective on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.86.
Check Out Our Latest Research Report on PulteGroup
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC increased its stake in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup in the 3rd quarter valued at about $29,000. Hager Investment Management Services LLC bought a new stake in PulteGroup in the 4th quarter valued at about $29,000. R Squared Ltd acquired a new position in PulteGroup during the 4th quarter worth approximately $39,000. Finally, JNBA Financial Advisors bought a new position in PulteGroup in the third quarter worth approximately $43,000. 89.90% of the stock is owned by institutional investors.
PulteGroup Company Profile
(
Get Free Report)
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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