PulteGroup, Inc. (NYSE:PHM – Get Ranking) Director Brian P. Anderson offered 15,000 shares of PulteGroup inventory in a transaction that occurred on Friday, April twenty eighth. The shares have been offered at a mean worth of $66.95, for a complete worth of $1,004,250.00. Following the transaction, the director now owns 55,886 shares of the corporate’s inventory, valued at $3,741,567.70. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is on the market at this hyperlink.
PulteGroup Inventory Up 1.3 %
Shares of PHM opened at $67.15 on Friday. The corporate has a debt-to-equity ratio of 0.22, a fast ratio of 0.62 and a present ratio of 0.70. PulteGroup, Inc. has a one 12 months low of $35.03 and a one 12 months excessive of $67.20. The inventory has a market capitalization of $14.99 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.51 and a beta of 1.33. The inventory has a 50 day shifting common worth of $57.60 and a 200 day shifting common worth of $50.19.
PulteGroup (NYSE:PHM – Get Ranking) final issued its quarterly earnings outcomes on Tuesday, April twenty fifth. The development firm reported $2.35 EPS for the quarter, topping the consensus estimate of $1.78 by $0.57. PulteGroup had a return on fairness of 31.03% and a internet margin of 16.22%. The agency had income of $3.58 billion through the quarter, in comparison with analysts’ expectations of $3.27 billion. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.83 earnings per share. The agency’s income for the quarter was up 12.2% on a year-over-year foundation. Equities analysis analysts forecast that PulteGroup, Inc. will submit 8.06 earnings per share for the present fiscal 12 months.
PulteGroup Publicizes Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Tuesday, April 4th. Shareholders of report on Monday, March twentieth have been issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, March seventeenth. PulteGroup’s payout ratio is at present 5.51%.
PulteGroup introduced that its Board of Administrators has initiated a inventory buyback plan on Tuesday, April twenty fifth that authorizes the corporate to repurchase $1.00 billion in shares. This repurchase authorization authorizes the development firm to repurchase as much as 6.9% of its inventory by open market purchases. Inventory repurchase plans are sometimes a sign that the corporate’s management believes its shares are undervalued.
Wall Avenue Analysts Forecast Development
PHM has been the topic of a number of current analysis experiences. Credit score Suisse Group lifted their worth goal on PulteGroup from $52.00 to $61.00 and gave the corporate an “outperform” ranking in a analysis report on Wednesday, February 1st. KeyCorp lifted their worth goal on PulteGroup from $51.00 to $66.00 and gave the corporate an “obese” ranking in a analysis report on Friday, February third. Barclays lifted their worth goal on PulteGroup from $75.00 to $86.00 in a analysis report on Wednesday. Financial institution of America lifted their worth goal on PulteGroup from $65.00 to $71.00 in a analysis report on Wednesday. Lastly, Wedbush raised their worth goal on PulteGroup from $47.00 to $57.00 and gave the corporate a “impartial” ranking in a report on Wednesday, February 1st. 4 funding analysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the corporate. In response to MarketBeat, the corporate at present has a consensus ranking of “Average Purchase” and a mean goal worth of $66.86.
Institutional Buying and selling of PulteGroup
A number of giant traders have lately added to or decreased their stakes within the inventory. CENTRAL TRUST Co grew its holdings in PulteGroup by 4.5% within the 1st quarter. CENTRAL TRUST Co now owns 4,293 shares of the development firm’s inventory valued at $250,000 after shopping for a further 183 shares within the final quarter. Northwestern Mutual Wealth Administration Co. grew its holdings in PulteGroup by 8.1% within the 4th quarter. Northwestern Mutual Wealth Administration Co. now owns 2,523 shares of the development firm’s inventory valued at $115,000 after shopping for a further 190 shares within the final quarter. Massmutual Belief Co. FSB ADV grew its holdings in PulteGroup by 20.9% within the 1st quarter. Massmutual Belief Co. FSB ADV now owns 1,172 shares of the development firm’s inventory valued at $68,000 after shopping for a further 203 shares within the final quarter. Sumitomo Mitsui DS Asset Administration Firm Ltd grew its holdings in PulteGroup by 1.4% within the 4th quarter. Sumitomo Mitsui DS Asset Administration Firm Ltd now owns 15,982 shares of the development firm’s inventory valued at $728,000 after shopping for a further 216 shares within the final quarter. Lastly, Assetmark Inc. grew its holdings in PulteGroup by 5.1% within the 4th quarter. Assetmark Inc. now owns 4,483 shares of the development firm’s inventory valued at $204,000 after shopping for a further 217 shares within the final quarter. 88.07% of the inventory is at present owned by hedge funds and different institutional traders.
PulteGroup Firm Profile
PulteGroup, Inc engages within the homebuilding enterprise. The agency can be concerned in mortgage banking and title and insurance coverage brokerage operations. It operates by the Homebuilding and Monetary providers enterprise segments. The Homebuilding phase contains operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.
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