PulteGroup (NYSE:PHM) EVP Kevin Henry Sells 5,173 Shares of Stock

PulteGroup, Inc. (NYSE:PHM) EVP Kevin Henry sold 5,173 shares of PulteGroup stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total transaction of $729,548.19. Following the sale, the executive vice president owned 14,673 shares in the company, valued at approximately $2,069,333.19. The trade was a 26.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $140.91 on Wednesday. The firm has a market cap of $27.10 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.64 and a beta of 1.33. The firm has a fifty day moving average price of $128.50 and a 200 day moving average price of $127.39. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is 9.35%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rachor Investment Advisory Services LLC bought a new stake in shares of PulteGroup in the 4th quarter worth about $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in PulteGroup in the 2nd quarter worth about $32,000. DV Equities LLC purchased a new stake in PulteGroup in the 4th quarter worth about $32,000. Lloyd Advisory Services LLC. bought a new stake in PulteGroup in the fourth quarter worth about $33,000. Finally, Rexford Capital Inc. purchased a new position in shares of PulteGroup during the second quarter valued at approximately $35,000. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citizens Jmp assumed coverage on PulteGroup in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 target price on the stock. Raymond James Financial reiterated an “outperform” rating and set a $145.00 target price on shares of PulteGroup in a research report on Wednesday, February 4th. Barclays set a $115.00 target price on shares of PulteGroup in a report on Monday, December 8th. Citigroup increased their price objective on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $149.00 price objective (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Nine 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $140.62.

PulteGroup Company Profile

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.