Traders Purchase Large Volume of PulteGroup Call Options (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHM) saw some unusual options trading on Monday. Stock investors purchased 10,856 call options on the stock. This is an increase of approximately 811% compared to the typical daily volume of 1,192 call options.

In related news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total transaction of $324,520.00. Following the sale, the director now owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of PulteGroup during the fourth quarter valued at $393,000. Thrivent Financial for Lutherans increased its stake in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares during the last quarter. Numeric Investors LLC purchased a new stake in PulteGroup during the fourth quarter worth approximately $504,000. Quadrature Capital Ltd purchased a new stake in PulteGroup during the fourth quarter worth approximately $587,000. Finally, RMB Capital Management LLC purchased a new stake in PulteGroup during the fourth quarter worth approximately $349,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Shares of PulteGroup (NYSE:PHM) traded up 1.53% during trading on Wednesday, hitting $25.92. The company’s stock had a trading volume of 6,255,701 shares. The company has a 50-day moving average price of $24.69 and a 200-day moving average price of $23.37. PulteGroup has a one year low of $17.69 and a one year high of $25.97. The stock has a market cap of $7.82 billion, a PE ratio of 14.34 and a beta of 1.14.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that PulteGroup will post $2.09 EPS for the current fiscal year.

A number of equities analysts recently issued reports on PHM shares. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $30.00 target price (up from $29.00) on shares of PulteGroup in a research report on Tuesday, June 27th. Credit Suisse Group assumed coverage on PulteGroup in a research note on Thursday, June 22nd. They set an “outperform” rating and a $27.00 price target on the stock. Mizuho downgraded PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research note on Monday, July 10th. Finally, BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.08.

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About PulteGroup

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

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