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

Key Points

• Crossmark Global Holdings cut its stake in PulteGroup (NYSE:PHM) by 72.4% in Q3, selling 19,029 shares and retaining 7,256 shares worth about $959,000.
• Analysts have a consensus rating of "Moderate Buy" on PulteGroup with an average target price of $142.71, amid several recent target revisions and upgrades.
• Insiders have been net sellers recently — 149,952 shares worth roughly $20.16 million were sold in the last 90 days, leaving insiders with just 0.76% ownership.

Crossmark Global Holdings Inc. decreased its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 72.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,256 shares of the construction company's stock after selling 19,029 shares during the period. Crossmark Global Holdings Inc.'s holdings in PulteGroup were worth $959,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PHM. Twin Peaks Wealth Advisors LLC bought a new position in shares of PulteGroup during the 2nd quarter worth approximately $32,000. Rexford Capital Inc. bought a new stake in shares of PulteGroup in the second quarter worth $35,000. Private Wealth Management Group LLC boosted its holdings in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. True Wealth Design LLC grew its position in 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 purchasing an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company's stock valued at $52,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on PHM shares. Wall Street Zen raised shares of PulteGroup from a "sell" rating to a "hold" rating in a research report on Sunday, January 11th. Citigroup lifted their target price on PulteGroup from $128.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, February 3rd. Evercore upped their target price on PulteGroup from $134.00 to $143.00 in a report on Friday, January 30th. UBS Group reduced their price target on PulteGroup from $160.00 to $159.00 and set a "buy" rating for the company in a research report on Tuesday, January 6th. Finally, Raymond James Financial restated an "outperform" rating and issued a $145.00 price target on shares of PulteGroup in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and a consensus target price of $142.71.

PulteGroup Trading Down 1.0%

Shares of PulteGroup stock opened at $126.58 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day simple moving average of $130.76 and a two-hundred day simple moving average of $127.73. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $144.49. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.49 and a beta of 1.32.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be paid 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 is Tuesday, March 17th. PulteGroup's dividend payout ratio (DPR) is currently 9.35%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Todd N. Sheldon sold 14,220 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.01, for a total value of $1,919,842.20. Following the transaction, the executive vice president directly owned 69,753 shares of the company's stock, valued at $9,417,352.53. This represents a 16.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brien P. O'meara sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.51, for a total transaction of $542,040.00. Following the sale, the vice president 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. 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 ninety days. Insiders own 0.76% of the company's stock.

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.

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