In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Pultegroup Inc. (NYSE:PHM) reported that Pulte William J has picked up 23,117,664 of common stock as of 2017-02-17.
The acquisition brings the aggregate amount owned by Pulte William J to a total of 23,117,664 representing a 7.3% stake in the company.
For those not familiar with the company, PulteGroup, Inc. is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land. Its Financial Services operations consist principally of mortgage banking and title operations. The Company conducts its financial services business, through Pulte Mortgage LLC (Pulte Mortgage) and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans. The Company’s subsidiaries are engaged in the homebuilding business. It offers a product line to meet the needs of homebuyers in its focused markets. Through its brands, which include Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, the Company offers a range of home designs, including single-family detached, townhouses, condominiums and duplexes.
A glance at Pultegroup Inc. (NYSE:PHM)’s key stats reveals a current market capitalization of 6.71 billion based on 317.83 million shares outstanding and a price at last close of $21.40 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-03, Blair picked up 5,479 at a purchase price of $18.18. This brings their total holding to 100,961 as of the date of the filing.
On the sell side, the most recent transaction saw Ellinghausen unload 26,186 shares at a sale price of $21.42. This brings their total holding to 397,850.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Pultegroup Inc. (NYSE:PHM) as things move forward to see if its progress aligns with these transactions.
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