PulteGroup, Inc. (NYSE:PHM – Get 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 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.
Get Our Latest Stock Report on PulteGroup
About PulteGroup
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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