Crossmark Global Holdings Inc. Has $959,000 Position in PulteGroup, Inc. $PHM

Crossmark Global Holdings Inc. cut its position in PulteGroup, Inc. (NYSE:PHM) by 72.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,256 shares of the construction company’s stock after selling 19,029 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PulteGroup were worth $959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. Twin Peaks Wealth Advisors LLC bought a new position in PulteGroup during the 2nd quarter worth $32,000. Rexford Capital Inc. bought a new stake in shares of PulteGroup in the second quarter valued at about $35,000. Private Wealth Management Group LLC grew its stake in shares of PulteGroup by 281.7% in the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. True Wealth Design LLC grew its stake in shares of PulteGroup by 229.6% in the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock valued at $47,000 after acquiring an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its position in PulteGroup by 1,423.1% during the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after acquiring an additional 370 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Trading Down 1.0%

Shares of PulteGroup stock opened at $126.58 on Tuesday. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.49 and a beta of 1.32. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $144.49. The firm’s 50-day moving average price is $130.76 and its two-hundred day moving average price is $127.73.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is 9.35%.

Insider Buying and Selling at PulteGroup

In related news, VP Brien P. O’meara sold 4,000 shares of PulteGroup stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the transaction, the vice president directly owned 8,601 shares of the company’s stock, valued at $1,165,521.51. This trade represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Todd N. Sheldon sold 14,220 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the transaction, the executive vice president owned 69,753 shares of the company’s stock, valued at approximately $9,417,352.53. This represents a 16.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 in the last three months. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on PHM shares. Barclays set a $115.00 price objective on shares of PulteGroup in a research note on Monday, December 8th. Citizens Jmp assumed coverage on shares of PulteGroup in a report on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 target price on the stock. Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Royal Bank Of Canada boosted their price target on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Finally, Raymond James Financial reissued an “outperform” rating and set a $145.00 price target on shares of PulteGroup in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $142.71.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.