Thomas J. Folliard sells 19,000 shares of PulteGroup, Inc. (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHM – Get Your Free Report ) Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website.

PulteGroup trading up 1.2%

Shares of PulteGroup stock opened at $131.65 on Friday. PulteGroup, Inc. it has a one year low of $68.80 and a one year high of $136.47. The company’s fifty day moving average price is $120.93 and its two hundred day moving average price is $115.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76, and a quick ratio of 0.76. The company has a market cap of $27.69 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.50 and a beta of 1.61.

PulteGroup (NYSE:PHM – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. In the same quarter last year, the firm posted EPS of $3.00. The company’s revenue for the quarter was up 9.8% year over year. On average, analysts estimate that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

Hedge funds influence PulteGroup

A number of institutional investors have recently modified their holdings of PHM. WR Wealth Planners LLC grew its stake in PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Lebenthal Global Advisors LLC grew its position in shares of PulteGroup by 3.9% in the second quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company’s stock valued at $256,000 after buying an additional 87 shares in the last quarter. First Horizon Advisors Inc. raised its stake in PulteGroup by 2.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock worth $371,000 after purchasing an additional 100 shares during the period. Tocqueville Asset Management LP boosted its stake in PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management LP now owns 5,092 shares of the construction company’s stock worth $614,000 after buying an additional 101 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of PulteGroup by 4.9% in the first quarter. Global Retirement Partners LLC now owns 2,226 shares of the construction company’s stock worth $269,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 89.90% of the company’s shares.

The Wall Street analyst weighs in

Several research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Evercore ISI upped their target price on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Bank of America upped their target price on PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Barclays upped their target price on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $133.14, according to MarketBeat.

Check out the latest stock analysis on PulteGroup

PulteGroup company profile

(Get a free report)

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

Further reading

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