Yesterday, the EVP & COO of PulteGroup (NYSE: PHM), Harmon Smith, sold shares of PHM for $1.62M.
In addition to Harmon Smith, 2 other PHM executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
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 $8.38B and the company has a P/E ratio of 16.74. Currently, PulteGroup has an average volume of 7.04M.
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 -18.9% downside.
In the last 30 days, insiders have sold $2.09M worth of PHM shares and purchased $97.06K worth of PHM shares. The insider sentiment on PulteGroup has been neutral according to 36 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Harmon Smith’s trades have generated a -9.7% 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
