Insider Selling: PulteGroup, Inc. (NYSE:PHM) Director Sells 18,766 Shares of Stock

PulteGroup, Inc. (NYSE:PHM) Director Brian P. Anderson sold 18,766 shares of PulteGroup stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $32.28, for a total value of $605,766.48. Following the sale, the director now directly owns 104,735 shares of the company’s stock, valued at approximately $3,380,845.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of PHM opened at $32.69 on Friday. The firm has a market cap of $8.85 billion, a PE ratio of 9.11, a P/E/G ratio of 1.39 and a beta of 0.76. The stock’s 50-day moving average price is $32.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. PulteGroup, Inc. has a one year low of $20.64 and a one year high of $33.15.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.12. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PulteGroup had a return on equity of 21.65% and a net margin of 9.97%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. As a group, equities research analysts predict that PulteGroup, Inc. will post 3.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. PulteGroup’s dividend payout ratio (DPR) is presently 12.26%.

A number of analysts have commented on PHM shares. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Barclays set a $54.00 price target on Lennar and gave the stock a “buy” rating in a research report on Thursday, March 28th. Buckingham Research lifted their price target on PulteGroup from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. BTIG Research started coverage on in a research report on Wednesday, April 24th. They set a “buy” rating and a $5.00 price target for the company. Finally, JPMorgan Chase & Co. cut Engie to a “hold” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. PulteGroup presently has an average rating of “Hold” and a consensus target price of $28.53.

Hedge funds have recently modified their holdings of the company. Scout Investments Inc. lifted its holdings in shares of PulteGroup by 249.7% in the 1st quarter. Scout Investments Inc. now owns 707,605 shares of the construction company’s stock valued at $19,785,000 after buying an additional 505,265 shares during the period. Duality Advisers LP acquired a new position in shares of PulteGroup in the 1st quarter valued at about $3,273,000. SRB Corp lifted its holdings in shares of PulteGroup by 17.1% in the 1st quarter. SRB Corp now owns 26,311 shares of the construction company’s stock valued at $736,000 after buying an additional 3,840 shares during the period. Advisor Group Inc. lifted its holdings in shares of PulteGroup by 16.6% in the 4th quarter. Advisor Group Inc. now owns 62,958 shares of the construction company’s stock valued at $1,635,000 after buying an additional 8,967 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at about $280,000. 84.74% of the stock is owned by institutional investors and hedge funds.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.

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