Pultegroup Inc/mi/ (PHM) Files Form 4 Insider Selling : James R Ellinghausen Sells 100,000 Shares

Pultegroup Inc/mi/ (PHM): James R Ellinghausen , Exec. Vice President-HR of Pultegroup Inc/mi/ sold 100,000 shares on Jul 7, 2016. The Insider selling transaction was reported by the company on Jul 8, 2016 to the Securities and Exchange Commission. The shares were sold at $20.25 per share for a total value of $2,025,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Bryce Blair (director) purchased 5,479 shares at $18.18 per share price.On Aug 20, 2015, Richard J Jr Dugas (Pres. and Chief Exec. Officer) sold 125,000 shares at $22.01 per share price.Also, On Aug 19, 2015, Ryan Marshall (Executive Vice President) sold 13,500 shares at $22.00 per share price.On Aug 19, 2015, James R Ellinghausen (Exec. Vice President-HR) sold 30,000 shares at $21.39 per share price.

Shares of PulteGroup (PHM) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -1.08% at $19.27 with 80,55,016 shares getting traded. Post opening the session at $19.42, the shares hit an intraday low of $19.04 and an intraday high of $19.433 and the price vacillated in this range throughout the day. The company has a market cap of $6,668 M and the number of outstanding shares has been calculated to be 34,60,32,240 shares. The 52-week high of PulteGroup is $22.1 and the 52-week low is $14.61.

PulteGroup Money Flow Index Chart

Company has been under the radar of several Street Analysts.PulteGroup is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 25, 2016.PulteGroup is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 .The Rating was issued on Apr 22, 2016.PulteGroup is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $21 .The Rating was issued on Apr 22, 2016.PulteGroup is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 .The Rating was issued on Apr 22, 2016.

PulteGroup Inc. (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs including single-family detached townhouses condominiums and duplexes. It has delivered approximately 640000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Company’s Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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