Today, the EVP & COO of PulteGroup (NYSE: PHM), Harmon Smith, sold shares of PHM for $32.73K.
Following Harmon Smith’s last PHM Sell transaction on February 01, 2017, the stock climbed by 9.8%. In addition to Harmon Smith, one other PHM executive reported Sell trades in the last month.
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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 $8.79B and the company has a P/E ratio of 17.58. Currently, PulteGroup has an average volume of 4.19M.
12 different firms, including Barclays and Merrill Lynch, currently also have a Sell 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 -14.1% downside.
The insider sentiment on PulteGroup has been negative according to 28 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
