PulteGroup, Inc. (PHM) To Go Ex-Dividend on June 16th

PulteGroup, Inc. (NYSE:PHM) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Tuesday, June 16th will be given a dividend of 0.26 per share by the construction company on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 16th.

PulteGroup has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. PulteGroup has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PulteGroup to earn $11.14 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 9.3%.

PulteGroup Trading Up 1.4%

Shares of NYSE PHM opened at $122.42 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $124.18 and its 200-day moving average price is $124.68. PulteGroup has a fifty-two week low of $95.20 and a fifty-two week high of $144.49. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.53 and a beta of 1.33.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.40 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. PulteGroup’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.57 EPS. On average, sell-side analysts expect that PulteGroup will post 10.02 earnings per share for the current year.

Insider Activity

In related news, COO Matthew William Koart sold 15,309 shares of PulteGroup stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the transaction, the chief operating officer directly owned 42,418 shares of the company’s stock, valued at $5,759,940.22. This trade represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Brien P. O’meara sold 4,000 shares of PulteGroup stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president owned 8,601 shares in the company, valued at $1,165,521.51. This represents a 31.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 149,952 shares of company stock valued at $20,162,165. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PulteGroup

A number of large investors have recently added to or reduced their stakes in PHM. Sequoia Financial Advisors LLC grew its position in shares of PulteGroup by 8.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,625 shares of the construction company’s stock worth $1,838,000 after buying an additional 1,160 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in PulteGroup by 1,650.0% in the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of PulteGroup by 6.8% during the first quarter. Hsbc Holdings PLC now owns 706,836 shares of the construction company’s stock worth $82,870,000 after purchasing an additional 44,719 shares in the last quarter. Summit Securities Group LLC boosted its position in shares of PulteGroup by 86.6% in the 1st quarter. Summit Securities Group LLC now owns 541 shares of the construction company’s stock worth $64,000 after purchasing an additional 251 shares in the last quarter. Finally, Peterson Wealth Services grew its stake in shares of PulteGroup by 23.8% during the first quarter. Peterson Wealth Services now owns 1,792 shares of the construction company’s stock worth $211,000 after acquiring an additional 344 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.