Rep. Jefferson Shreve Sells Off Shares of PulteGroup, Inc. (NYSE:PHM)

Representative Jefferson Shreve (R-Indiana) recently sold shares of PulteGroup, Inc. NYSE: PHM. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in PulteGroup stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

PulteGroup Stock Performance

NYSE PHM traded up $0.42 during mid-day trading on Friday, reaching $116.45. 1,414,992 shares of the stock were exchanged, compared to its average volume of 2,445,897. The business's 50 day moving average is $105.38 and its 200-day moving average is $105.09. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The company has a market capitalization of $22.98 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.77.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the business earned $3.83 earnings per share. The company's quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is currently 6.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PHM. Norges Bank acquired a new position in shares of PulteGroup in the fourth quarter valued at $427,562,000. Nuveen LLC acquired a new position in shares of PulteGroup in the first quarter valued at $213,092,000. Pacer Advisors Inc. raised its stake in shares of PulteGroup by 2,586.8% in the first quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company's stock valued at $119,958,000 after purchasing an additional 1,123,471 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of PulteGroup by 40.3% in the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company's stock valued at $358,395,000 after purchasing an additional 1,001,290 shares in the last quarter. Finally, Amundi raised its stake in shares of PulteGroup by 77.9% in the fourth quarter. Amundi now owns 1,636,562 shares of the construction company's stock valued at $180,775,000 after purchasing an additional 716,716 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PHM. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price objective (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday. Oppenheimer lifted their target price on shares of PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday. Citigroup boosted their price objective on shares of PulteGroup from $128.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and an average target price of $134.15.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.