Cullen Frost Bankers Inc. Has $233,000 Stock Holdings in PulteGroup, Inc. $PHM

Cullen Frost Bankers Inc. decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 12.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,209 shares of the construction company’s stock after selling 320 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in PulteGroup were worth $233,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PHM. WPG Advisers LLC bought a new stake in shares of PulteGroup during the 1st quarter valued at $25,000. Hager Investment Management Services LLC raised its position in shares of PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after acquiring an additional 105 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of PulteGroup during the 1st quarter valued at $54,000. REAP Financial Group LLC raised its position in shares of PulteGroup by 188.1% during the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after acquiring an additional 348 shares during the last quarter. Finally, Quarry LP raised its position in shares of PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PHM. Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday. UBS Group upped their target price on shares of PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 price objective (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Finally, Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $120.60 on Friday. The company has a market capitalization of $23.51 billion, a PE ratio of 9.28, a PEG ratio of 0.96 and a beta of 1.29. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $130.35 and its 200 day simple moving average is $114.59.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.35 EPS. On average, research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio is 6.77%.

PulteGroup 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.