Stock Traders Buy High Volume of Call Options on PulteGroup (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHMGet Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 9,941 call options on the stock. This represents an increase of 1,498% compared to the typical volume of 622 call options.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Evercore ISI raised their price objective on PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Royal Bank Of Canada dropped their price objective on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. UBS Group cut their price objective on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their target price on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.69.

Read Our Latest Analysis on PHM

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in shares of PulteGroup by 18.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,242 shares of the construction company’s stock worth $353,000 after purchasing an additional 510 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in PulteGroup by 21.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,381 shares of the construction company’s stock valued at $477,000 after buying an additional 760 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in PulteGroup during the 4th quarter worth about $3,186,000. Illinois Municipal Retirement Fund boosted its position in shares of PulteGroup by 3.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 78,378 shares of the construction company’s stock worth $8,535,000 after acquiring an additional 2,375 shares in the last quarter. Finally, MorganRosel Wealth Management LLC boosted its position in shares of PulteGroup by 39.6% during the 4th quarter. MorganRosel Wealth Management LLC now owns 10,996 shares of the construction company’s stock worth $1,197,000 after acquiring an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 1.9%

PulteGroup stock opened at $103.52 on Thursday. The firm has a market capitalization of $20.75 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.31 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. PulteGroup has a twelve month low of $88.07 and a twelve month high of $149.47. The stock’s fifty day simple moving average is $101.21 and its 200-day simple moving average is $105.40.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same quarter in the prior year, the business earned $3.10 EPS. As a group, equities analysts expect that PulteGroup will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.85%. PulteGroup’s dividend payout ratio (DPR) is 6.21%.

PulteGroup Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.