Investors Sell Shares of PulteGroup, Inc. (PHM) on Strength (PHM)
Traders sold shares of PulteGroup, Inc. (NYSE:PHM) on strength during trading hours on Friday. $11.90 million flowed into the stock on the tick-up and $36.86 million flowed out of the stock on the tick-down, for a money net flow of $24.96 million out of the stock. Of all stocks tracked, PulteGroup had the 0th highest net out-flow for the day. PulteGroup traded up $0.31 for the day and closed at $25.60
Several analysts have commented on the stock. Barclays PLC cut shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price for the company. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho cut shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research report on Monday, July 10th. Wedbush reiterated an “underperform” rating and set a $15.00 target price on shares of PulteGroup in a research report on Tuesday, April 25th. BidaskClub lowered shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. PulteGroup presently has an average rating of “Hold” and a consensus target price of $25.08.
The company has a market capitalization of $7.72 billion, a PE ratio of 14.17 and a beta of 1.14. The firm has a 50-day moving average price of $24.37 and a 200 day moving average price of $23.00.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the sale, the director now directly owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.71% of the company’s stock.
A number of large investors have recently bought and sold shares of PHM. Trust Department MB Financial Bank N A bought a new stake in PulteGroup during the first quarter valued at $129,000. IFP Advisors Inc increased its stake in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock valued at $140,000 after buying an additional 638 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock valued at $150,000 after buying an additional 702 shares during the period. Ameritas Investment Partners Inc. bought a new stake in PulteGroup during the first quarter valued at $155,000. Finally, Thrivent Financial for Lutherans increased its stake in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock valued at $187,000 after buying an additional 110 shares during the period. 91.94% of the stock is owned by hedge funds and other institutional investors.
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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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