PulteGroup, Inc. (NYSE:PHM – Get Free Report) Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
PulteGroup stock opened at $131.65 on Friday. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $136.47. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.61. The stock’s fifty day moving average is $120.93 and its two-hundred day moving average is $115.40. 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 (NYSE:PHM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.00 EPS. Analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of PHM. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of PulteGroup in the first quarter worth $26,000. Benjamin Edwards Inc. acquired a new stake in shares of PulteGroup during the 1st quarter worth about $26,000. WR Wealth Planners LLC boosted its stake in shares of PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of PulteGroup during the first quarter worth about $28,000. Finally, Rothschild Investment LLC acquired a new position in shares of PulteGroup in the second quarter valued at approximately $31,000. 89.90% of the stock is owned by hedge funds and other institutional investors.
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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