Vest Financial 13F: Cuts PulteGroup (PHM) Stake by $12M

Vest Financial cut its stake in PulteGroup, Inc. PHM by 25.9% during the quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026. The firm sold 99,590 shares of the homebuilder, leaving it with 284,335 shares. The remaining position held a value of about $33.0 million at the time of the disclosure.

PHM PulteGroup, Inc.

$117.53 ▼ -0.66% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Vest Financial's PulteGroup Position

Vest Financial adjusted its portfolio by reducing its PulteGroup holding from 383,925 shares down to 284,335 shares. The 25.9% reduction lowered the firm's exposure to the residential construction company as markets shifted through the middle of 2026.

Other Institutional Activity in PulteGroup

Other institutional investors made notable shifts in their PulteGroup holdings around the same time. Franklin Resources, Inc. grew its holdings by 579,700 shares, ending with 15,559,037 shares worth about $1.82 billion. Eagle Capital Management grew its holdings by 21,168 shares, ending with 154,556 shares worth about $19.2 million. Greenhaven Associates, Inc. reduced its holdings by 41,229 shares, ending with 5,455,949 shares worth about $639.8 million.

PulteGroup, Inc. Stock Holds Steady

PulteGroup shares recently traded around $112.89 as of October 22, 2026. The stock closed at $112.89 on the day of the filing. The shares sit below their 50-day moving average of $120.28 and below their 200-day moving average of $124.22. The 52-week trading range spans from a low of $107.16 to a high of $144.50.

Recent Earnings

PulteGroup generated trailing twelve-month revenue of $16.4 billion with earnings of $9.80 per share. The company reported a net profit margin of 11.6% and a return on equity of 14.9%. Revenue declined 9.6% compared to the same period a year earlier.

Dividend

PulteGroup pays an annual dividend rate of $1.04 per share, giving it a dividend yield of 0.92%. The company allocates 10.2% of its earnings toward dividend payouts.

Insider Buying and Selling at PulteGroup, Inc.

Company insiders executed several sales earlier in the year. Officer Brien P. O'Meara sold 4,000 shares on February 6, 2026, for $542,040. Officer Kevin A Henry sold 5,173 shares on February 24, 2026, for $729,574. Director Lila Snyder sold 3,339 shares on May 8, 2026, for $391,264. Chief Operating Officer Matthew William Koart sold 7,457 shares on May 27, 2026, for $894,840.

Analysts Set New Price Targets

Wall Street firms updated their views on PulteGroup through September and October 2026. On September 25, 2026, Evercore ISI Group maintained an Outperform rating while lowering its price target to $154.00 from $162.00. Morgan Stanley initiated coverage on October 1, 2026, with an Equal-Weight rating and a $128.00 price target. Barclays maintained an Equal-Weight rating on October 6, 2026, lowering its price target from $124.00 to $110.00. Citigroup maintained a Neutral rating on October 15, 2026, reducing its price target to $122.00 from $134.00. RBC Capital maintained a Sector Perform rating on October 15, 2026, lowering its price target to $111.00 from $116.00. Across 17 analyst opinions, the stock carries a consensus buy rating with a mean price target of $135.35.

About PulteGroup

PulteGroup, Inc. operates as a residential homebuilder in the United States, acquiring land and constructing single-family detached homes, townhomes, condominiums, and duplexes. The Atlanta-based company serves homebuyers through well-known brands including Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods.

Bottom Line

Investors continue to monitor institutional moves and analyst updates as PulteGroup navigates shifts in the residential construction market. The stock trades below its recent moving averages while maintaining a consensus buy rating from covering analysts.