PulteGroup, Inc. (NYSE:PHM) Director Sells $266,125.00 in Stock

PulteGroup, Inc. (NYSE:PHM - Get Free Report) Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.45, for a total value of $266,125.00. Following the completion of the transaction, the director now directly owns 56,617 shares in the company, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

PulteGroup Trading Up 0.7 %

PHM stock traded up $0.75 during trading on Friday, hitting $107.45. 1,519,276 shares of the company traded hands, compared to its average volume of 2,329,279. The firm has a market capitalization of $21.75 billion, a PE ratio of 7.30, a P/E/G ratio of 0.29 and a beta of 1.68. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47. The company has a 50-day moving average of $112.63 and a 200-day moving average of $126.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.73 and a current ratio of 0.86.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. Analysts predict that PulteGroup, Inc. will post 12.43 earnings per share for the current fiscal year.

PulteGroup announced that its board has approved a share repurchase program on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio is presently 5.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. The Goldman Sachs Group cut their target price on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Barclays lowered their price objective on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. StockNews.com cut PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, Citigroup decreased their target price on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $140.86.

Hedge Funds Weigh In On PulteGroup

Several institutional investors have recently bought and sold shares of PHM. Logan Capital Management Inc. raised its stake in shares of PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock valued at $2,124,000 after acquiring an additional 5,976 shares in the last quarter. Sanctuary Advisors LLC boosted its position in PulteGroup by 38.1% in the third quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock valued at $17,410,000 after buying an additional 33,472 shares during the last quarter. Trustmark National Bank Trust Department lifted its holdings in PulteGroup by 39.8% in the third quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company's stock valued at $5,682,000 after acquiring an additional 11,269 shares during the period. Systematic Financial Management LP grew its position in PulteGroup by 3.9% during the third quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock valued at $18,696,000 after buying an additional 4,840 shares during the period. Finally, Nilsine Partners LLC raised its holdings in PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock worth $2,240,000 after purchasing an additional 18,575 shares during the period. Institutional investors own 89.90% of the company's stock.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.