Shares of the company are trading at $30.23 much higher than $27.32, the 50 day moving average and significantly above the 200 day moving average of $24.95. The 50 day moving average moved up $2.91 whereas the 200 day average was up by +21.15%. 5,399K shares changed hands by the end of trading on Tuesday. Overall, volume was up 21.15% over the stocks normal daily volume.
Investors are feeling more bullish recently if you watch the change in short interest. The company realized a fall in short interest between September 29, 2017 and October 13, 2017 of -6.97%. Short shares decreased from 17,186,456 to 15,988,667 over that timeframe. The days to cover increased to 5.0 and the percentage of shorted shares is 0.05% as of October 13.
Here is a rundown on some insider market activity for PulteGroup, Inc. (NYSE:PHM). James R. Ellinghausen, Exec. Vice President-HR disclosed the sale of 136,912 shares of PHM stock. The shares were sold on October 27th for a price of $29.78. Ellinghausen now owns $7,433,445 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end Mckinley Carter Wealth Services, Inc. had acquired a total of 11 shares growing its holdings by 0.1%. The value of the investment in (PHM) went from $256,000 to $285,000 a change of 11.3% quarter to quarter. As of the end of the quarter Andra Ap-fonden had bought 13,100 shares growing its position 11.5%. The value in dollars increased from $2,784,000 to $3,460,000 a change of $676,000 quarter over quarter.
As of quarter end Affinity Investment Advisors, LLC had sold 1,210 shares trimming its stake by 0.4%. The value of the investment in PulteGroup, Inc. went from $7,568,000 to $8,399,000 increasing 11.0% since the last quarter. Goelzer Investment Management, Inc. trimmed its ownership by selling 7,089 shares a decrease of 1.6%. Goelzer Investment Management, Inc. owns 426,783 shares with a value of $11,664,000. The total value of its holdings increased 9.6%.
On July 13 the company was upgraded to “Equal-Weight” from “Underperform” by analysts at Wedbush. On July 26 the stock rating was downgraded from “Positive” to “Neutral” in a report issued by Susquehanna.
On July 26 Citigroup kept the stock rating at “Neutral” and moved up the price target from $22.00 to $26.00. On October 20, 2017 the stock rating was changed to “Sell” by Citigroup which is down from the previous “Neutral” rating.
October 25 investment analysts at Bank of America held the company rating at “Buy” but moved up the price target to $34.00 from $18.00.
The company is now up by 1.48% percent from yesterday’s close. PulteGroup, Inc. announced a dividend paid on Tuesday October 3rd, 2017. The dividend was $0.090 per share for the quarter or $0.36 on an annualized basis. This dividend represents a yield of $1.20 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 18th of September 2017.
The company’s P/E ratio is 16.73 and market capitalization is 9.12B. In the last earnings report the EPS was $1.81 and is estimated to be $2.01 for the current year with 301,708,000 shares outstanding. Next quarter’s EPS is forecasted at $0.47 and the next full year EPS is projected to be $2.77.
PulteGroup, Inc., launched on September 17, 1987, is a homebuilder in the United States. The Business’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. Its Financial Services operations consist principally of mortgage banking and title operations. The Business’s subsidiaries are engaged in the homebuilding business. The Company offers a product line to meet the needs of homebuyers in its focused markets. Through its brands, which include Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, the Company offers a range of home designs, including single-family detached, townhouses, condominiums and duplexes..