Traders Sell Shares of PulteGroup Inc. (PHM) on Strength (PHM)
Traders sold shares of PulteGroup Inc. (NYSE:PHM) on strength during trading hours on Thursday. $34.39 million flowed into the stock on the tick-up and $48.25 million flowed out of the stock on the tick-down, for a money net flow of $13.86 million out of the stock. Of all equities tracked, PulteGroup had the 0th highest net out-flow for the day. PulteGroup traded up $1.09 for the day and closed at $21.51
PHM has been the subject of several research reports. TheStreet raised PulteGroup from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. Raymond James Financial Inc. cut PulteGroup from an “outperform” rating to a “market perform” rating and set a $19.00 price objective for the company. in a research report on Monday, April 25th. JPMorgan Chase & Co. cut PulteGroup from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $18.00 in a research report on Tuesday, April 5th. Finally, Barclays PLC increased their price objective on PulteGroup from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, April 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. PulteGroup presently has a consensus rating of “Hold” and an average target price of C$18.16.
The firm’s 50 day moving average price is $19.47 and its 200 day moving average price is $18.06. The firm has a market capitalization of $7.44 billion and a P/E ratio of 14.71.
PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts predict that PulteGroup Inc. will post $1.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $0.36 annualized dividend and a yield of 1.67%.
In other news, Director Bryce Blair purchased 5,479 shares of PulteGroup stock in a transaction that occurred on Tuesday, May 3rd. The stock was acquired at an average cost of C$18.18 per share, for a total transaction of C$99,608.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James R. Ellinghausen sold 100,000 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of C$20.25, for a total value of C$2,025,000.00. Following the completion of the sale, the vice president now owns 532,931 shares of the company’s stock, valued at C$10,791,852.75. The disclosure for this sale can be found here.
Several hedge funds recently added to or reduced their stakes in PHM. Affinity Investment Advisors LLC increased its stake in PulteGroup by 1.7% in the fourth quarter. Affinity Investment Advisors LLC now owns 543,467 shares of the company’s stock worth $9,685,000 after buying an additional 9,210 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in PulteGroup by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,063,132 shares of the company’s stock worth $108,049,000 after buying an additional 1,028,661 shares during the last quarter. I.G. Investment Management LTD. increased its stake in PulteGroup by 14.6% in the fourth quarter. I.G. Investment Management LTD. now owns 304,669 shares of the company’s stock worth $5,429,000 after buying an additional 38,917 shares during the last quarter. Westbourne Investment Advisors Inc. increased its stake in PulteGroup by 2.6% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 122,545 shares of the company’s stock worth $2,184,000 after buying an additional 3,050 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in PulteGroup by 14.5% in the fourth quarter. Advisors Asset Management Inc. now owns 100,078 shares of the company’s stock worth $1,783,000 after buying an additional 12,636 shares during the last quarter.
PulteGroup, Inc (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes.
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