Insider Selling: PulteGroup, Inc. (NYSE:PHM) CFO Sells 71,007 Shares of Stock

PulteGroup, Inc. (NYSE:PHM) 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.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. PulteGroup’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 earnings per share. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

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.

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.