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 directly owned 14,673 shares in the company, valued at approximately $2,069,333.19. The trade was a 26.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PulteGroup Stock Performance

PHM traded up $0.70 during midday trading on Tuesday, hitting $140.91. 1,112,206 shares of the company were exchanged, compared to its average volume of 1,897,327. The company’s 50 day simple moving average is $128.17 and its 200 day simple moving average is $127.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $27.10 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $144.49.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore boosted their target price on shares of PulteGroup from $134.00 to $143.00 in a report on Friday, January 30th. Citizens Jmp initiated coverage on shares of PulteGroup in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 price objective for the company. Wells Fargo & Company upped their price target on PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Finally, BTIG Research began coverage on shares of PulteGroup in a research note on Monday, December 1st. They set a “neutral” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.62.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of PulteGroup in the fourth quarter valued at approximately $31,000. Private Wealth Management Group LLC raised its holdings in PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. DV Equities LLC acquired a new position in PulteGroup in the 4th quarter valued at $32,000. Lloyd Advisory Services LLC. acquired a new stake in shares of PulteGroup during the fourth quarter worth $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of PulteGroup during the second quarter worth $32,000. 89.90% of the stock is owned by institutional investors and hedge funds.

About PulteGroup

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.