Crossmark Global Holdings Inc. Sells 4,614 Shares of PulteGroup, Inc. (NYSE:PHM)

Crossmark Global Holdings Inc. cut its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 16.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Several other large investors have also recently added to or reduced their stakes in PHM. Blair William & Co. IL lifted its stake in PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company's stock valued at $3,289,000 after buying an additional 516 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of PulteGroup by 6.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company's stock valued at $35,890,000 after purchasing an additional 17,369 shares during the period. Lazard Asset Management LLC increased its holdings in shares of PulteGroup by 1.1% during the first quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company's stock valued at $55,993,000 after purchasing an additional 5,022 shares during the period. Shell Asset Management Co. increased its holdings in shares of PulteGroup by 135.5% during the first quarter. Shell Asset Management Co. now owns 8,932 shares of the construction company's stock valued at $1,077,000 after purchasing an additional 5,140 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of PulteGroup by 108.6% during the first quarter. Bessemer Group Inc. now owns 16,430 shares of the construction company's stock valued at $1,981,000 after purchasing an additional 8,555 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. BTIG Research raised their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Evercore ISI reduced their price target on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. UBS Group raised their price objective on PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer dropped their price target on PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $145.00.

PulteGroup Trading Down 3.1 %

PulteGroup stock traded down $4.17 during mid-day trading on Tuesday, hitting $129.29. The stock had a trading volume of 618,647 shares, compared to its average volume of 1,837,219. The stock has a 50-day simple moving average of $137.30 and a two-hundred day simple moving average of $125.02. The stock has a market capitalization of $26.51 billion, a PE ratio of 9.84, a P/E/G ratio of 0.54 and a beta of 1.63. PulteGroup, Inc. has a 12 month low of $81.00 and a 12 month high of $149.47. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $2.90 earnings per share. PulteGroup's revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.62%. PulteGroup's payout ratio is currently 5.90%.

Insider Buying and Selling at PulteGroup

In other PulteGroup 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 sale, the chief financial officer now owns 89,323 shares in the company, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $9,573,873.81. Following the sale, the chief financial officer now owns 89,323 shares in the company, 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 at the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company's stock.

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.