Investors Sell PulteGroup, Inc. (PHM) on Strength (PHM)
Investors sold shares of PulteGroup, Inc. (NYSE:PHM) on strength during trading on Thursday. $18.59 million flowed into the stock on the tick-up and $36.53 million flowed out of the stock on the tick-down, for a money net flow of $17.94 million out of the stock. Of all equities tracked, PulteGroup had the 0th highest net out-flow for the day. PulteGroup traded up $0.16 for the day and closed at $31.07
Several research firms recently weighed in on PHM. B. Riley restated a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of PulteGroup in a report on Wednesday, November 1st. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Barclays PLC set a $26.00 price target on shares of PulteGroup and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation set a $34.00 target price on shares of PulteGroup and gave the company a “buy” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and an average target price of $28.67.
The stock has a market capitalization of $9,086.54, a P/E ratio of 15.08, a P/E/G ratio of 0.89 and a beta of 1.18. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. PulteGroup’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. equities analysts forecast that PulteGroup, Inc. will post 2.21 earnings per share for the current fiscal year.
In related news, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the sale, the insider now directly owns 294,369 shares in the company, valued at approximately $8,742,759.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in shares of PulteGroup by 3.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after buying an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after acquiring an additional 465 shares during the period. Koch Industries Inc. bought a new stake in PulteGroup during the 2nd quarter worth approximately $220,000. QCM Cayman Ltd. bought a new stake in PulteGroup during the 2nd quarter worth approximately $223,000. Finally, Timber Hill LLC bought a new stake in PulteGroup during the 3rd quarter worth approximately $226,000. Institutional investors own 87.82% of the company’s stock.
WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/10/investors-sell-pultegroup-inc-phm-on-strength-phm.html.
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.
Receive News & Stock Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related stocks with our FREE daily email newsletter.