PulteGroup (NYSE:PHM) EVP Sells $729,548.19 in Stock

PulteGroup, Inc. (NYSE:PHM) EVP Kevin Henry sold 5,173 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total value of $729,548.19. Following the completion of the transaction, the executive vice president owned 14,673 shares of the company’s stock, valued at $2,069,333.19. The trade was a 26.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

PulteGroup Trading Up 0.8%

Shares of PulteGroup stock opened at $135.64 on Friday. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $144.49. The firm has a market capitalization of $26.09 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $129.02 and its two-hundred day moving average price is $127.50.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is 9.35%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BTIG Research began coverage on PulteGroup in a report on Monday, December 1st. They issued a “neutral” rating for the company. Wall Street Zen upgraded PulteGroup from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Zacks Research cut shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Wells Fargo & Company lifted their price target on shares of PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.62.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently modified their holdings of the stock. Focus Partners Wealth raised its position in PulteGroup by 20.5% in the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after purchasing an additional 2,128 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of PulteGroup in the 2nd quarter valued at $237,000. Asset Management One Co. Ltd. raised its position in shares of PulteGroup by 1.5% during the second quarter. Asset Management One Co. Ltd. now owns 88,574 shares of the construction company’s stock worth $9,341,000 after acquiring an additional 1,278 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of PulteGroup by 3.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 542,933 shares of the construction company’s stock valued at $57,258,000 after acquiring an additional 17,271 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs lifted its stake in shares of PulteGroup by 7.3% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 8,591 shares of the construction company’s stock valued at $906,000 after acquiring an additional 581 shares during the period. 89.90% of the stock is owned by institutional investors.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.