Kingsview Wealth Management LLC Has $657,000 Stock Holdings in PulteGroup, Inc. $PHM

Kingsview Wealth Management LLC trimmed its position in PulteGroup, Inc. (NYSE:PHM) by 94.4% during the third quarter, HoldingsChannel.com reports. The fund owned 4,975 shares of the construction company’s stock after selling 84,380 shares during the quarter. Kingsview Wealth Management LLC’s holdings in PulteGroup were worth $657,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC increased its holdings in PulteGroup by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after buying an additional 78 shares during the last quarter. Fidelis Capital Partners LLC raised its position in PulteGroup by 1.0% in the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after acquiring an additional 85 shares during the period. Apella Capital LLC boosted its stake in PulteGroup by 4.2% in the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock valued at $268,000 after acquiring an additional 87 shares during the last quarter. CWM LLC grew its position in shares of PulteGroup by 0.6% during the 3rd quarter. CWM LLC now owns 14,308 shares of the construction company’s stock valued at $1,890,000 after acquiring an additional 92 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its position in shares of PulteGroup by 5.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company’s stock valued at $229,000 after acquiring an additional 94 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PHM. Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. UBS Group decreased their target price on PulteGroup from $160.00 to $159.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Citizens Jmp started coverage on PulteGroup in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 target price on the stock. Finally, Truist Financial initiated coverage on PulteGroup in a research report on Wednesday. They set a “buy” rating and a $170.00 price target on the stock. One equities research 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 stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $142.71.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $127.95 on Friday. The company has a 50 day moving average of $130.60 and a 200 day moving average of $127.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $24.61 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.49 and a beta of 1.32. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $144.49.

PulteGroup Dividend Announcement

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 given 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 payout ratio is 9.35%.

Insider Activity

In related news, EVP Kevin A. Henry sold 5,173 shares of PulteGroup stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total transaction of $729,548.19. Following the completion of the sale, the executive vice president owned 14,673 shares of the company’s stock, valued at approximately $2,069,333.19. This trade represents a 26.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brien P. O’meara sold 4,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.51, for a total value of $542,040.00. Following the transaction, the vice president owned 8,601 shares of the company’s stock, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 149,952 shares of company stock worth $20,162,165. Company insiders own 0.76% of the company’s stock.

PulteGroup Profile

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.