Richard J. Dugas, Jr. Sells 243,115 Shares of PulteGroup Inc. (PHM) Stock

PulteGroup Inc. (NYSE:PHM) CEO Richard J. Dugas, Jr. sold 243,115 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of C$21.96, for a total transaction of C$5,338,805.40. Following the completion of the sale, the chief executive officer now directly owns 1,441,759 shares of the company’s stock, valued at C$31,661,027.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, June 7th.

An institutional investor recently raised its position in PulteGroup stock. Sei Investments Co. boosted its position in PulteGroup Inc. (NYSE:PHM) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,403 shares of the company’s stock after buying an additional 22,801 shares during the period. Sei Investments Co.’s holdings in PulteGroup were worth $2,074,000 at the end of the most recent reporting period.

Several brokerages have recently weighed in on PHM. Zelman & Associates cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of PulteGroup in a research report on Sunday, April 17th. Barclays PLC raised shares of PulteGroup from an “underweight” rating to an “equal weight” rating and set a $18.00 price target for the company in a research report on Wednesday, April 6th. They noted that the move was a valuation call. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of PulteGroup in a research report on Wednesday, July 6th. Finally, Cleveland Research began coverage on shares of PulteGroup in a research report on Wednesday, April 13th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$20.39.

PulteGroup Inc. (NYSE:PHM) traded up 0.05% during mid-day trading on Wednesday, hitting $22.11. 4,698,358 shares of the stock were exchanged. PulteGroup Inc. has a 52-week low of $14.61 and a 52-week high of $22.40. The company has a 50 day moving average price of $19.82 and a 200 day moving average price of $18.23. The firm has a market cap of $7.60 billion and a price-to-earnings ratio of 14.56.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. During the same quarter last year, the firm posted $0.28 EPS. The business earned $1.80 billion during the quarter, compared to analyst estimates of $1.66 billion. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, analysts anticipate that PulteGroup Inc. will post $1.61 EPS for the current year.

PulteGroup, Inc (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes.