A Director at PulteGroup (PHM) is Buying Shares


Yesterday, a Director at PulteGroup (NYSE: PHM), Andre Hawaux, bought shares of PHM for $97.06K.

Following Andre Hawaux’s last PHM Buy transaction on March 05, 2015, the stock climbed by 9.8%. Following this transaction Andre Hawaux’s holding in the company was increased by 6.39% to a total of $1.6 million.

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Based on PulteGroup’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.97 billion and quarterly net profit of $169 million. In comparison, last year the company earned revenue of $1.61 billion and had a net profit of $90.6 million. PHM’s market cap is $8.85B and the company has a P/E ratio of 17.69. Currently, PulteGroup has an average volume of 2.79M.

22 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $36.13, reflecting a -14.3% downside. Starting in April 2018, PHM received 5 Buy ratings in a row.

In the last 30 days, insiders have sold $463.1K worth of PHM shares and purchased $97.06K worth of PHM shares. The insider sentiment on PulteGroup has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Andre Hawaux’s trades have generated a -2.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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PulteGroup, Inc. engages in the homebuilding business. It is also involved in the mortgage banking and title operations. It operates through the Homebuilding and Financial services business segments.

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