PulteGroup, Inc. (NYSE:PHM) Director Sells $699,938.73 in Stock

PulteGroup, Inc. (NYSE:PHM) Director Brian P. Anderson sold 21,191 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $33.03, for a total transaction of $699,938.73. Following the completion of the transaction, the director now owns 80,065 shares of the company’s stock, valued at approximately $2,644,546.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NYSE PHM opened at $33.14 on Tuesday. The stock has a 50-day moving average price of $32.18. The company has a market cap of $9.30 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. PulteGroup, Inc. has a 52 week low of $20.64 and a 52 week high of $33.75. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.12. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.93 billion. PulteGroup had a net margin of 9.97% and a return on equity of 21.65%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that PulteGroup, Inc. will post 3.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, June 13th. PulteGroup’s dividend payout ratio is currently 12.26%.

Several research analysts have commented on PHM shares. Barclays set a $54.00 target price on shares of Lennar and gave the stock a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. cut shares of Engie to a “hold” rating in a research report on Wednesday, April 10th. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. BTIG Research started coverage on shares of in a research report on Wednesday, April 24th. They issued a “buy” rating and a $5.00 target price for the company. Finally, Buckingham Research upped their target price on shares of PulteGroup from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. PulteGroup has an average rating of “Hold” and an average price target of $28.53.

Several large investors have recently modified their holdings of PHM. Norges Bank acquired a new stake in shares of PulteGroup in the 4th quarter worth approximately $74,213,000. Brandywine Global Investment Management LLC lifted its stake in shares of PulteGroup by 3,042.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 2,291,858 shares of the construction company’s stock worth $59,566,000 after acquiring an additional 2,218,931 shares during the period. Two Sigma Advisers LP lifted its stake in shares of PulteGroup by 2,289.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,637,011 shares of the construction company’s stock worth $42,546,000 after acquiring an additional 1,568,500 shares during the period. Hexavest Inc. acquired a new stake in shares of PulteGroup in the 1st quarter worth approximately $34,876,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of PulteGroup in the 1st quarter worth approximately $29,290,000. 84.81% of the stock is owned by institutional investors.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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