PulteGroup (NYSE:PHM) COO Harmon D. Smith sold 51,716 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $31.40, for a total value of $1,623,882.40. Following the completion of the transaction, the chief operating officer now owns 256,823 shares in the company, valued at $8,064,242.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of PulteGroup opened at $29.30 on Wednesday, MarketBeat Ratings reports. The firm has a market cap of $8.84 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.52 and a beta of 1.03. PulteGroup has a 12 month low of $29.51 and a 12 month high of $30.63.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, April 24th. The construction company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.15. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.84 billion. PulteGroup had a return on equity of 17.48% and a net margin of 5.91%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. analysts expect that PulteGroup will post 3.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 7th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, June 6th. PulteGroup’s payout ratio is presently 16.44%.
A number of research analysts have commented on PHM shares. Credit Suisse Group reiterated an “outperform” rating and issued a $38.00 price objective (up from $32.00) on shares of PulteGroup in a research report on Monday, January 22nd. They noted that the move was a valuation call. Raymond James upgraded PulteGroup from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 26th. Barclays decreased their price objective on PulteGroup from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, March 26th. UBS increased their price target on PulteGroup from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Mizuho raised PulteGroup from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.21.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of PulteGroup by 3.0% in the 4th quarter. BlackRock Inc. now owns 22,912,891 shares of the construction company’s stock valued at $761,852,000 after acquiring an additional 658,662 shares in the last quarter. Greenhaven Associates Inc. grew its holdings in shares of PulteGroup by 13.5% in the 1st quarter. Greenhaven Associates Inc. now owns 6,522,895 shares of the construction company’s stock valued at $192,360,000 after acquiring an additional 773,494 shares in the last quarter. Millennium Management LLC grew its holdings in shares of PulteGroup by 2,993.9% in the 1st quarter. Millennium Management LLC now owns 6,059,291 shares of the construction company’s stock valued at $178,688,000 after acquiring an additional 5,863,443 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of PulteGroup by 18.8% in the 4th quarter. Geode Capital Management LLC now owns 3,962,526 shares of the construction company’s stock valued at $131,550,000 after acquiring an additional 627,590 shares in the last quarter. Finally, Boston Partners bought a new position in shares of PulteGroup in the 1st quarter valued at about $109,951,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.
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