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

Kingsview Wealth Management LLC lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 94.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,975 shares of the construction company’s stock after selling 84,380 shares during the period. Kingsview Wealth Management LLC’s holdings in PulteGroup were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of PulteGroup in the second quarter valued at about $32,000. Rexford Capital Inc. bought a new stake in shares of PulteGroup during the 2nd quarter worth about $35,000. Private Wealth Management Group LLC boosted its holdings in shares of PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after buying an additional 200 shares during the period. True Wealth Design LLC grew its stake in PulteGroup by 229.6% in the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock valued at $47,000 after buying an additional 248 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in PulteGroup by 1,423.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock valued at $52,000 after buying an additional 370 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 1.3%

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

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s payout ratio is currently 9.35%.

Insider Transactions at PulteGroup

In related news, EVP Todd N. Sheldon sold 14,220 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.01, for a total value of $1,919,842.20. Following the transaction, the executive vice president owned 69,753 shares in the company, valued at approximately $9,417,352.53. This trade represents a 16.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew William Koart sold 15,309 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.79, for a total value of $2,078,809.11. Following the completion of the transaction, the chief operating officer directly owned 42,418 shares of the company’s stock, valued at approximately $5,759,940.22. This trade represents a 26.52% decrease in their position. 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. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PHM. BTIG Research initiated coverage on shares of PulteGroup in a research report on Monday, December 1st. They set a “neutral” rating for the company. Evercore upped their target price on PulteGroup from $134.00 to $143.00 in a research report on Friday, January 30th. Barclays set a $115.00 target price on PulteGroup in a research note on Monday, December 8th. JPMorgan Chase & Co. reduced their price target on PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Finally, UBS Group decreased their price objective on PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Company 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.