Insider Selling: PulteGroup, Inc. (NYSE:PHM) EVP Sells 15,191 Shares of Stock

PulteGroup, Inc. (NYSE:PHM - Get Free Report) EVP Todd N. Sheldon sold 15,191 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares in the company, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PulteGroup Price Performance

Shares of NYSE:PHM traded up $0.75 during trading on Monday, reaching $107.45. The stock had a trading volume of 1,519,276 shares, compared to its average volume of 2,329,279. The stock has a market capitalization of $22.04 billion, a PE ratio of 7.30, a P/E/G ratio of 0.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.73. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The business's 50-day moving average price is $112.63 and its 200 day moving average price is $126.08.

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

PulteGroup announced that its board has authorized a stock repurchase plan on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

PulteGroup Announces Dividend

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

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC increased its position in 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 purchasing an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of PulteGroup in the 3rd quarter valued at $29,000. Hager Investment Management Services LLC bought a new position in shares of PulteGroup in the 4th quarter worth $29,000. JNBA Financial Advisors acquired a new stake in shares of PulteGroup during the third quarter worth $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in PulteGroup by 1,059.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company's stock valued at $45,000 after purchasing an additional 286 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PHM shares. Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Barclays decreased their price objective on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. StockNews.com lowered PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. Finally, Evercore ISI dropped their price objective on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research note 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. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.86.

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.