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

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

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in PulteGroup by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock worth $1,300,034,000 after buying an additional 683,592 shares during the period. Geode Capital Management LLC boosted its stake in PulteGroup by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock worth $556,465,000 after buying an additional 64,947 shares during the period. Norges Bank bought a new stake in shares of PulteGroup during the 4th quarter worth approximately $427,562,000. Northern Trust Corp lifted its stake in shares of PulteGroup by 14.9% during the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock worth $264,185,000 after acquiring an additional 315,148 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PulteGroup by 9.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock valued at $221,478,000 after acquiring an additional 169,736 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

PulteGroup Stock Performance

Shares of NYSE:PHM traded down $0.89 during trading on Friday, hitting $114.29. 2,650,443 shares of the company traded hands, compared to its average volume of 2,041,620. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.33 and a beta of 1.29. The business's fifty day moving average is $103.47 and its 200-day moving average is $104.83. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13.

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

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is 6.21%.

PulteGroup Company 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.