PulteGroup, Inc. (NYSE:PHM) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its position in shares of PulteGroup, Inc. (NYSE:PHM) by 31.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,817 shares of the construction company’s stock after selling 7,170 shares during the period. Crossmark Global Holdings Inc.’s holdings in PulteGroup were worth $1,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in PulteGroup by 115.1% during the 3rd 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. Transcendent Capital Group LLC acquired a new position in PulteGroup during the 3rd quarter worth approximately $29,000. JNBA Financial Advisors acquired a new position in PulteGroup during the 3rd quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in PulteGroup by 1,059.3% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after acquiring an additional 286 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.3 %

Shares of PulteGroup stock opened at $116.56 on Friday. The company has a market cap of $23.90 billion, a P/E ratio of 8.60, a PEG ratio of 0.46 and a beta of 1.67. 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, Inc. has a one year low of $100.24 and a one year high of $149.47. The firm has a fifty day moving average of $119.54 and a two-hundred day moving average of $127.27.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. PulteGroup’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.90 EPS. On average, analysts forecast that PulteGroup, Inc. will post 12.96 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is currently 6.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Evercore ISI lowered their target price on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Friday, January 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

About PulteGroup

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.