PulteGroup, Inc. (NYSE:PHM – Get Free Report) CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Robert Oshaughnessy also recently made the following trade(s):
- On Thursday, August 1st, Robert Oshaughnessy sold 28,993 shares of PulteGroup stock. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97.
PulteGroup Trading Down 1.5 %
NYSE:PHM opened at $131.58 on Wednesday. The stock has a fifty day moving average price of $119.74 and a two-hundred day moving average price of $115.00. The stock has a market capitalization of $27.68 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.50 and a beta of 1.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $136.47.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on PHM shares. Barclays boosted their price objective on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Wolfe Research cut PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Royal Bank of Canada upped their price target on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Bank of America upped their price target on PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, BTIG Research upped their price target on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.14.
Get Our Latest Analysis on PulteGroup
Institutional Trading of PulteGroup
Several large investors have recently bought and sold shares of the company. WR Wealth Planners LLC grew its holdings 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 during the last quarter. Lebenthal Global Advisors LLC grew its holdings in 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 purchasing an additional 87 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in PulteGroup by 2.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock valued at $614,000 after purchasing an additional 101 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in PulteGroup by 4.9% in the first quarter. Global Retirement Partners LLC now owns 2,226 shares of the construction company’s stock valued at $269,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds 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.
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