Investors Purchase Large Volume of PulteGroup Call Options (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHMGet Free Report) saw unusually large options trading activity on Wednesday. Investors acquired 9,941 call options on the stock. This represents an increase of approximately 1,498% compared to the average volume of 622 call options.

Insider Buying and Selling

In related news, VP Brien P. O’meara sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total value of $206,180.00. Following the sale, the vice president now owns 15,389 shares in the company, valued at $1,586,452.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PulteGroup

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in PulteGroup by 9.5% in the first quarter. American Century Companies Inc. now owns 55,196 shares of the construction company’s stock valued at $2,313,000 after buying an additional 4,799 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in PulteGroup in the first quarter valued at approximately $221,000. PNC Financial Services Group Inc. boosted its position in PulteGroup by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 22,505 shares of the construction company’s stock valued at $945,000 after buying an additional 382 shares during the last quarter. Acadian Asset Management LLC boosted its position in PulteGroup by 11.1% in the first quarter. Acadian Asset Management LLC now owns 4,487 shares of the construction company’s stock valued at $188,000 after buying an additional 449 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in PulteGroup by 26.7% in the first quarter. MetLife Investment Management LLC now owns 70,856 shares of the construction company’s stock valued at $2,969,000 after buying an additional 14,918 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PHM shares. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Royal Bank of Canada lifted their price objective on shares of PulteGroup from $103.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Barclays lifted their price objective on shares of PulteGroup from $120.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. UBS Group lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $93.00 to $120.00 in a research note on Thursday, January 4th. Finally, Raymond James lifted their price objective on shares of PulteGroup from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.87.

Check Out Our Latest Analysis on PulteGroup

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $115.62 on Thursday. The company has a market capitalization of $24.39 billion, a PE ratio of 9.85, a P/E/G ratio of 0.77 and a beta of 1.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $108.84 and a two-hundred day simple moving average of $95.06. PulteGroup has a one year low of $57.26 and a one year high of $121.07.

PulteGroup (NYSE:PHMGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.07. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the company posted $3.63 earnings per share. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Research analysts expect that PulteGroup will post 11.78 EPS for the current fiscal year.

PulteGroup declared that its board has initiated a stock buyback plan on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.69%. PulteGroup’s dividend payout ratio (DPR) is currently 6.81%.

PulteGroup Company Profile

(Get Free Report)

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.

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