Investors Buy Large Volume of Call Options on PulteGroup (PHM)
PulteGroup, Inc. (NYSE:PHM) was the target of unusually large options trading activity on Monday. Traders purchased 10,856 call options on the company. This is an increase of 811% compared to the average daily volume of 1,192 call options.
Several brokerages recently weighed in on PHM. Barclays PLC lowered shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research report on Monday, July 10th. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, July 4th. Wedbush raised shares of PulteGroup from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $15.00 to $22.00 in a research report on Thursday, July 13th. Finally, BidaskClub lowered shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.83.
PulteGroup (PHM) opened at 24.46 on Thursday. The firm’s 50-day moving average price is $24.09 and its 200 day moving average price is $22.63. PulteGroup has a one year low of $17.69 and a one year high of $25.20. The firm has a market cap of $7.72 billion, a P/E ratio of 13.51 and a beta of 1.15.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, April 25th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. PulteGroup had a return on equity of 12.74% and a net margin of 7.77%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup will post $2.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 8th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, June 6th. PulteGroup’s dividend payout ratio (DPR) is presently 19.78%.
In other news, Director Brian P. Anderson sold 14,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the sale, the director now directly owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of PHM. Trust Department MB Financial Bank N A acquired a new stake in PulteGroup during the first quarter worth $129,000. IFP Advisors Inc boosted its stake in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in PulteGroup during the first quarter worth $155,000. Finally, Thrivent Financial for Lutherans boosted its stake in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.
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PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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