PulteGroup Target of Unusually Large Options Trading (NYSE:PHM)

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

Institutional Trading of PulteGroup

A number of institutional investors and hedge funds have recently made changes to their positions in PHM. GAMMA Investing LLC increased its holdings in shares of PulteGroup by 38.9% during the 1st quarter. GAMMA Investing LLC now owns 3,043 shares of the construction company’s stock worth $313,000 after buying an additional 853 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of PulteGroup during the 1st quarter worth $237,000. Sowell Financial Services LLC acquired a new stake in shares of PulteGroup during the 1st quarter worth $604,000. Sagespring Wealth Partners LLC increased its holdings in shares of PulteGroup by 40.0% during the 1st quarter. Sagespring Wealth Partners LLC now owns 2,884 shares of the construction company’s stock worth $296,000 after buying an additional 824 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of PulteGroup by 46.2% during the 1st quarter. Grove Bank & Trust now owns 760 shares of the construction company’s stock worth $78,000 after buying an additional 240 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Down 0.1%

Shares of PHM opened at $124.73 on Thursday. The stock has a fifty day moving average of $130.70 and a two-hundred day moving average of $113.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $24.61 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. PulteGroup has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.PulteGroup’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.83 EPS. As a group, analysts forecast that PulteGroup will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio is presently 6.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of PulteGroup in a research note on Wednesday, August 13th. UBS Group upped their target price on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research note on Wednesday, October 8th. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Finally, Evercore ISI set a $154.00 target price on PulteGroup and gave the company an “in-line” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $136.92.

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About PulteGroup

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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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