Crossmark Global Holdings Inc. Sells 2,628 Shares of PulteGroup, Inc. (NYSE:PHM)

Crossmark Global Holdings Inc. trimmed its position in PulteGroup, Inc. (NYSE:PHMFree Report) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,141 shares of the construction company’s stock after selling 2,628 shares during the period. Crossmark Global Holdings Inc.’s holdings in PulteGroup were worth $1,770,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of PulteGroup in the third quarter valued at about $36,000. Rakuten Securities Inc. acquired a new stake in shares of PulteGroup in the fourth quarter valued at about $37,000. Lindbrook Capital LLC increased its position in shares of PulteGroup by 335.6% in the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after acquiring an additional 292 shares during the last quarter. ORG Partners LLC increased its position in shares of PulteGroup by 3,463.6% in the fourth quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after acquiring an additional 381 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of PulteGroup by 91.5% in the fourth quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock valued at $44,000 after acquiring an additional 204 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

PulteGroup stock opened at $111.54 on Friday. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $122.72. The stock’s 50 day moving average is $113.95 and its 200-day moving average is $107.48. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.50 and a beta of 1.59.

PulteGroup (NYSE:PHMGet Free Report) last posted its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.36 by $0.51. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.59 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. Equities research analysts expect that PulteGroup, Inc. will post 12.64 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, June 18th. PulteGroup’s dividend payout ratio (DPR) is currently 6.41%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PHM. Royal Bank of Canada lifted their target price on PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. Zelman & Associates raised PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their target price on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Oppenheimer boosted their price target on PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Barclays boosted their price target on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $113.07.

Check Out Our Latest Report on PHM

About PulteGroup

(Free Report)

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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