From MarketBeat:

PulteGroup, Inc. (NYSE:PHM) experienced significant options trading, with traders buying 9,941 call options – a 1,498% increase compared to the average volume. Institutional investors and hedge funds hold a substantial 89.84% stake in PHM, with several firms upgrading the company from hold to buy. PulteGroup stock opened at $105.21 on Thursday.

PulteGroup last reported earnings on October 24th, surpassing analysts’ consensus by $0.07 to achieve $2.90 earnings per share. The company’s revenue was $4 billion, slightly below the estimated $4.05 billion. Analysts predict PulteGroup will post 11.46 earnings per share for this fiscal year.

PulteGroup recently raised its quarterly dividend to $0.20 per share, up from the previous $0.16. The ex-dividend date was December 18th, with shareholders receiving the dividend on January 3rd. This represents a $0.80 annualized dividend and a 0.76% yield.

PulteGroup primarily operates in the United States, engaging in residential land acquisition, development, and home construction. The company offers various home designs under multiple brand names, including single-family detached, townhomes, condominiums, and duplexes.

If you’re considering PulteGroup, view the latest stock analysis on MarketBeat. While PulteGroup has a “Moderate Buy” rating, top-rated analysts believe there are better buys among other stocks. MouseButtonLink View The Five Stocks Here

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Read more: Stock Traders Purchase High Volume of PulteGroup Call Options (NYSE:PHM)