Traders See Bullish Options Activity PulteGroup, Inc.

 Traders See Bullish Options Activity PulteGroup, Inc.

In today’s session PulteGroup, Inc. (PHM) registered an unusually high (1,570) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious PHM increase. With 1,570 contracts traded and 28584 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: PHM170120C00020000 closed last at: $0.38 or 11.8% up. About 231,559 shares traded hands. PulteGroup, Inc. (NYSE:PHM) has declined 0.31% since April 22, 2016 and is downtrending. It has underperformed by 5.72% the S&P500.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on January, 26. They expect $0.58 earnings per share, up 1.75% or $0.01 from last year’s $0.57 per share. PHM’s profit will be $193.43 million for 8.28 P/E if the $0.58 EPS becomes a reality. After $0.43 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 34.88% EPS growth.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Out of 14 analysts covering PulteGroup (NYSE:PHM), 3 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 21% are positive. $26 is the highest target while $16 is the lowest. The $19.82 average target is 3.12% above today’s ($19.22) stock price. PulteGroup has been the topic of 28 analyst reports since September 11, 2015 according to StockzIntelligence Inc. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Neutral” rating by JP Morgan on Tuesday, April 5. The company was maintained on Friday, October 21 by FBR Capital. The firm has “Sector Perform” rating given on Monday, April 4 by KeyBanc Capital Markets. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, April 6. Wedbush initiated the stock with “Underperform” rating in Tuesday, September 20 report. As per Friday, October 23, the company rating was maintained by FBR Capital. The firm has “Outperform” rating given on Friday, January 8 by Raymond James. JP Morgan upgraded the stock to “Overweight” rating in Friday, July 22 report. The stock has “Overweight” rating given by JP Morgan on Wednesday, January 13.

According to Zacks Investment Research, “Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company’s significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.”

Insitutional Activity: The institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.01, from 0.87 in 2016Q1. The ratio improved, as 55 funds sold all PulteGroup, Inc. shares owned while 130 reduced positions. 43 funds bought stakes while 118 increased positions. They now own 290.87 million shares or 0.29% less from 291.71 million shares in 2016Q1.
Blackrock Fund holds 0.05% or 11.24M shares in its portfolio. Employees Retirement Of Texas accumulated 0.01% or 25,000 shares. Guardian Life Insurance Com Of America has 0% invested in the company for 1,191 shares. Moreover, Ibm Retirement Fund has 0.02% invested in PulteGroup, Inc. (NYSE:PHM) for 34,815 shares. Alliancebernstein Lp owns 3.74 million shares or 0.06% of their US portfolio. Finemark Bank & Trust Trust accumulated 200 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 49,871 shares or 0.01% of all its holdings. The Massachusetts-based Commonwealth Equity has invested 0% in PulteGroup, Inc. (NYSE:PHM). The Ontario – Canada-based Bankshares Of Montreal Can has invested 0.03% in PulteGroup, Inc. (NYSE:PHM). Synovus Financial Corporation holds 0.03% or 61,633 shares in its portfolio. Creative Planning has 0% invested in the company for 10,581 shares. Vanguard Gru has 27.40 million shares for 0.03% of their US portfolio. Northern Tru accumulated 0.02% or 3.42 million shares. Swiss Comml Bank last reported 0.03% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt has invested 0.03% of its portfolio in PulteGroup, Inc. (NYSE:PHM).

Insider Transactions: Since July 7, 2016, the stock had 0 insider buys, and 7 insider sales for $12.19 million net activity. Ellinghausen James R also sold $2.03 million worth of PulteGroup, Inc. (NYSE:PHM) shares. The insider OSSOWSKI JAMES L sold 10,000 shares worth $200,000. $441,200 worth of PulteGroup, Inc. (NYSE:PHM) was sold by COOK STEVEN M on Tuesday, July 26. SMITH HARMON D sold $1.18M worth of PulteGroup, Inc. (NYSE:PHM) on Tuesday, July 26. 243,115 shares were sold by DUGAS RICHARD J JR, worth $5.34M.

PulteGroup, Inc. is a homebuilder operating in the United States. The company has a market cap of $6.41 billion. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. It has a 12.05 P/E ratio. The Company’s subsidiaries are also engaged in the homebuilding business.

PHM Company Profile

PulteGroup, Inc., incorporated on October 17, 1987, is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Firm operates through Homebuilding and Financial Services divisions. The Company’s homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes.

Another recent and important PulteGroup, Inc. (NYSE:PHM) news was published by Forbes.com which published an article titled: “PulteGroup Enters Oversold Territory” on October 27, 2016.

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