PulteGroup, Inc. (NYSE:PHM) VP Brien P. O'meara Sells 3,500 Shares

PulteGroup, Inc. (NYSE:PHM - Get Free Report) VP Brien P. O'meara sold 3,500 shares of PulteGroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the transaction, the vice president now directly owns 11,372 shares in the company, valued at $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PulteGroup Stock Performance

Shares of PHM traded up $0.75 during trading hours on Monday, hitting $107.45. The company's stock had a trading volume of 1,519,276 shares, compared to its average volume of 2,329,279. The business has a 50 day simple moving average of $112.63 and a two-hundred day simple moving average of $126.08. PulteGroup, Inc. has a 52-week low of $100.24 and a 52-week high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.73. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.29 and a beta of 1.68.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. On average, equities analysts expect that PulteGroup, Inc. will post 12.43 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

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

PulteGroup declared that its Board of Directors has approved a stock repurchase program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PHM. BTIG Research boosted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wedbush restated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Bank of America cut their price objective on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Finally, Evercore ISI decreased their target price on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.86.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC lifted its holdings in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after buying an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in PulteGroup during the 3rd quarter worth approximately $29,000. Hager Investment Management Services LLC purchased a new stake in PulteGroup in the 4th quarter worth approximately $29,000. TD Waterhouse Canada Inc. lifted its stake in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Finally, R Squared Ltd bought a new position in PulteGroup in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Company Profile

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.