Crossmark Global Holdings Inc. Trims Holdings in PulteGroup, Inc. (NYSE:PHM)

Crossmark Global Holdings Inc. decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 16.7% during the third quarter, HoldingsChannel.com reports. The firm owned 22,987 shares of the construction company’s stock after selling 4,614 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PulteGroup were worth $3,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHM. WR Wealth Planners LLC grew its position in shares of PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. LRI Investments LLC acquired a new stake in PulteGroup in the first quarter worth about $28,000. Transcendent Capital Group LLC purchased a new position in shares of PulteGroup in the third quarter worth about $29,000. Finally, Rothschild Investment LLC purchased a new position in shares of PulteGroup in the second quarter worth about $31,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

PulteGroup Trading Up 0.6 %

NYSE:PHM opened at $133.46 on Tuesday. The stock has a 50-day simple moving average of $137.27 and a 200-day simple moving average of $124.86. The stock has a market cap of $27.37 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.54 and a beta of 1.63. PulteGroup, Inc. has a 1 year low of $81.00 and a 1 year high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 EPS. As a group, analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. PulteGroup’s dividend payout ratio is currently 5.90%.

Analyst Ratings Changes

Several research analysts recently weighed in on PHM shares. Wolfe Research cut PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Bank of America lifted their price target on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Barclays boosted their price objective on PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI lowered their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $145.00.

PulteGroup Company 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.