Crossmark Global Holdings Inc. Acquires 12,572 Shares of PulteGroup, Inc. (NYSE:PHM)

Crossmark Global Holdings Inc. grew its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 79.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,389 shares of the construction company's stock after buying an additional 12,572 shares during the period. Crossmark Global Holdings Inc.'s holdings in PulteGroup were worth $2,918,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of PulteGroup during the fourth quarter valued at approximately $427,562,000. Franklin Resources Inc. raised its holdings in shares of PulteGroup by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after purchasing an additional 683,592 shares during the last quarter. Man Group plc raised its holdings in shares of PulteGroup by 136.8% during the fourth quarter. Man Group plc now owns 988,963 shares of the construction company's stock valued at $107,698,000 after purchasing an additional 571,251 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of PulteGroup during the fourth quarter valued at approximately $47,133,000. Finally, Bridgewater Associates LP raised its holdings in shares of PulteGroup by 118.8% during the fourth quarter. Bridgewater Associates LP now owns 783,581 shares of the construction company's stock valued at $85,332,000 after purchasing an additional 425,492 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

Shares of NYSE:PHM traded up $5.18 during midday trading on Wednesday, reaching $114.06. 3,864,548 shares of the company were exchanged, compared to its average volume of 2,035,961. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The business's fifty day moving average is $102.78 and its two-hundred day moving average is $104.71. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The stock has a market cap of $22.86 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.31 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the business earned $3.10 earnings per share. As a group, analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. PulteGroup's dividend payout ratio is 6.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PHM shares. Evercore ISI boosted their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Barclays reduced their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. UBS Group reduced their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company upped their target price on shares of PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their target price on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.08.

PulteGroup 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.