PulteGroup Sees Unusually Large Options Volume (PHM)
PulteGroup, Inc. (NYSE:PHM) was the target of unusually large options trading activity on Thursday. Investors acquired 10,426 put options on the company. This represents an increase of approximately 737% compared to the typical daily volume of 1,245 put options.
PHM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, September 26th. Citigroup cut shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price objective on the stock. in a report on Friday, October 20th. Bank of America set a $34.00 price objective on shares of PulteGroup and gave the stock a “buy” rating in a report on Wednesday, October 25th. Buckingham Research cut shares of PulteGroup from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $33.00 in a report on Sunday, November 26th. Finally, B. Riley restated a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.92.
Shares of PulteGroup (NYSE PHM) opened at $33.94 on Friday. PulteGroup has a fifty-two week low of $18.18 and a fifty-two week high of $34.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. The company has a market cap of $9,977.27, a P/E ratio of 16.56, a PEG ratio of 0.99 and a beta of 1.20.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. PulteGroup’s payout ratio is 17.91%.
In other PulteGroup news, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the sale, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Moors & Cabot Inc. boosted its holdings in PulteGroup by 7.3% in the third quarter. Moors & Cabot Inc. now owns 27,543 shares of the construction company’s stock worth $755,000 after purchasing an additional 1,865 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in PulteGroup in the third quarter worth approximately $150,000. Coldstream Capital Management Inc. purchased a new stake in PulteGroup in the third quarter worth approximately $680,000. Neuberger Berman Group LLC boosted its holdings in PulteGroup by 885.5% in the third quarter. Neuberger Berman Group LLC now owns 396,818 shares of the construction company’s stock worth $10,845,000 after purchasing an additional 356,551 shares during the last quarter. Finally, Guardian Capital LP boosted its holdings in PulteGroup by 46.3% in the third quarter. Guardian Capital LP now owns 466,305 shares of the construction company’s stock worth $12,744,000 after purchasing an additional 147,632 shares during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.
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PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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