PulteGroup, Inc. (PHM) Insider James R. Ellinghausen Sells 67,490 Shares
PulteGroup, Inc. (NYSE:PHM) insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
PulteGroup, Inc. (PHM) traded up $0.20 during mid-day trading on Monday, hitting $32.45. 6,275,150 shares of the company traded hands, compared to its average volume of 5,086,557. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $32.80. The firm has a market capitalization of $9,480.00, a P/E ratio of 15.73, a PEG ratio of 0.94 and a beta of 1.17.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $0.43 earnings per share. PulteGroup’s revenue was up 9.6% compared to the same quarter last year. equities research analysts anticipate that PulteGroup, Inc. will post 2.18 earnings per share for the current fiscal year.
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PHM has been the topic of several research reports. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of PulteGroup in a report on Monday, September 25th. Credit Suisse Group set a $35.00 price objective on shares of PulteGroup and gave the company a “buy” rating in a report on Tuesday, October 24th. UBS AG initiated coverage on shares of PulteGroup in a report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, FBR & Co reiterated a “buy” rating and issued a $31.00 price objective (up from $28.00) on shares of PulteGroup in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.92.
Hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its stake in PulteGroup by 68.5% during the second quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock worth $1,017,000 after buying an additional 400 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in PulteGroup by 3.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after buying an additional 148 shares in the last quarter. Invictus RG grew its stake in PulteGroup by 1,473.4% during the third quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after buying an additional 3,993 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in PulteGroup during the third quarter worth about $150,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in PulteGroup by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.
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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