PulteGroup EVP Ryan Marshall Sells 10,000 Shares (PHM)
PulteGroup (NYSE:PHM) EVP Ryan Marshall unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $20.13, for a total value of $201,300.00. Following the completion of the sale, the executive vice president now directly owns 79,981 shares of the company’s stock, valued at approximately $1,610,018. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of PulteGroup (NYSE:PHM) traded down 0.49% on Tuesday, hitting $20.13. 2,902,171 shares of the company’s stock traded hands. PulteGroup has a 52-week low of $14.23 and a 52-week high of $21.75. The stock has a 50-day moving average of $18.9 and a 200-day moving average of $19.28. The company has a market cap of $7.622 billion and a price-to-earnings ratio of 3.01. PulteGroup also was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 17,596,736 shares, an increase of 20.8% from the April 30th total of 14,568,646 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average daily trading volume, of 6,403,923 shares, the short-interest ratio is currently 2.7 days.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that PulteGroup will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, June 17th.
A number of analysts have recently weighed in on PHM shares. Analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note on Thursday, June 5th. They now have a $21.00 price target on the stock. Finally, analysts at Barclays downgraded shares of PulteGroup from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. They now have a $20.00 price target on the stock, down previously from $21.00. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $21.63.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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