PulteGroup Target of Unusually High Options Trading (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHMGet Rating) saw some unusual options trading activity on Wednesday. Stock investors purchased 9,941 call options on the stock. This is an increase of 1,498% compared to the typical daily volume of 622 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PSI Advisors LLC boosted its stake in PulteGroup by 18.5% during the 2nd quarter. PSI Advisors LLC now owns 1,600 shares of the construction company’s stock worth $63,000 after purchasing an additional 250 shares during the period. Advisors Asset Management Inc. boosted its stake in PulteGroup by 17.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,749 shares of the construction company’s stock worth $73,000 after purchasing an additional 262 shares during the period. Daiwa Securities Group Inc. boosted its stake in PulteGroup by 1.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,778 shares of the construction company’s stock worth $592,000 after purchasing an additional 271 shares during the period. Fiduciary Planning LLC boosted its stake in PulteGroup by 1.1% during the 3rd quarter. Fiduciary Planning LLC now owns 25,572 shares of the construction company’s stock worth $959,000 after purchasing an additional 282 shares during the period. Finally, Veriti Management LLC boosted its stake in PulteGroup by 4.8% during the 3rd quarter. Veriti Management LLC now owns 6,170 shares of the construction company’s stock worth $231,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

PulteGroup Trading Up 2.9 %

NYSE PHM opened at $49.83 on Thursday. The company has a market capitalization of $11.35 billion, a PE ratio of 5.05, a P/E/G ratio of 3.95 and a beta of 1.24. The company has a fifty day moving average of $44.50 and a 200 day moving average of $42.38. PulteGroup has a 1 year low of $35.03 and a 1 year high of $58.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26.

PulteGroup (NYSE:PHMGet Rating) last posted its earnings results on Tuesday, October 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.04). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.04 billion. PulteGroup had a net margin of 15.56% and a return on equity of 30.80%. Research analysts forecast that PulteGroup will post 10.14 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were issued a $0.16 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. PulteGroup’s payout ratio is presently 6.49%.

Analysts Set New Price Targets

PHM has been the topic of several research reports. Barclays raised shares of PulteGroup from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $58.00 in a report on Wednesday, December 14th. Raymond James downgraded shares of PulteGroup from a “strong-buy” rating to a “market perform” rating in a research note on Friday, October 21st. BTIG Research raised their target price on shares of PulteGroup from $50.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, December 6th. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of PulteGroup from $43.50 to $65.00 in a research note on Tuesday, November 22nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.92.

About PulteGroup

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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, American West, and John Wieland Homes and Neighborhoods brand names.

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