Robert Oshaughnessy Sells 71,007 Shares of PulteGroup, Inc. (NYSE:PHM) Stock

PulteGroup, Inc. (NYSE:PHM) CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robert Oshaughnessy also recently made the following trade(s):

• On Thursday, August 1st, Robert Oshaughnessy sold 28,993 shares of PulteGroup stock. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97.

PulteGroup Trading Down 1.6 %

Shares of NYSE PHM traded down $2.15 during mid-day trading on Tuesday, reaching $131.48. The company had a trading volume of 482,854 shares, compared to its average volume of 1,839,640. The business’s 50-day moving average is $119.33 and its 200-day moving average is $114.80. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The stock has a market cap of $27.66 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.50 and a beta of 1.61. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $136.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the prior year, the business earned $3.00 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New Century Financial Group LLC purchased a new stake in shares of PulteGroup during the second quarter valued at about $217,000. Aldebaran Financial Inc. purchased a new position in shares of PulteGroup in the 2nd quarter valued at approximately $297,000. Cetera Investment Advisers raised its position in shares of PulteGroup by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 100,382 shares of the construction company’s stock valued at $11,052,000 after purchasing an additional 5,794 shares during the last quarter. 3Chopt Investment Partners LLC increased its holdings in PulteGroup by 6.2% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 26,079 shares of the construction company’s stock worth $2,876,000 after buying an additional 1,514 shares during the period. Finally, Truist Financial Corp increased its holdings in PulteGroup by 7.3% in the 2nd quarter. Truist Financial Corp now owns 326,123 shares of the construction company’s stock worth $35,906,000 after buying an additional 22,324 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PHM shares. Oppenheimer lifted their price target on shares of PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wedbush restated a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Barclays boosted their target price on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Raymond James boosted their target price on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.14.

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.