PulteGroup, Inc. (NYSE:PHM – Get Free Report) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.26 per share by the construction company on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, June 16th.
PulteGroup has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. PulteGroup has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PulteGroup to earn $11.08 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 9.4%.
PulteGroup Trading Down 0.7%
Shares of PHM stock opened at $123.13 on Friday. PulteGroup has a 52-week low of $98.27 and a 52-week high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50-day simple moving average of $119.61 and a two-hundred day simple moving average of $124.18. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.56 and a beta of 1.20.
Insider Buying and Selling
In related news, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the completion of the transaction, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. This trade represents a 20.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lila Snyder sold 3,339 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the transaction, the director directly owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC boosted its holdings in PulteGroup by 1,650.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after buying an additional 198 shares during the period. NFSG Corp bought a new position in PulteGroup in the 1st quarter worth approximately $29,000. Rachor Investment Advisory Services LLC bought a new position in PulteGroup in the 4th quarter worth approximately $31,000. HHM Wealth Advisors LLC boosted its holdings in PulteGroup by 158.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock worth $32,000 after buying an additional 168 shares during the period. Finally, DV Equities LLC bought a new position in PulteGroup in the 4th quarter worth approximately $32,000. 89.90% of the stock is owned by institutional investors.
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.
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