Sumitomo Mitsui Trust Group Inc. Lowers Position in PulteGroup, Inc. $PHM

Posted by Brian Himes on Jul 12th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 485,428 shares of the construction company’s stock after selling 24,736 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in PulteGroup were worth $57,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHM. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup in the fourth quarter valued at about $31,000. DV Equities LLC acquired a new stake in shares of PulteGroup during the fourth quarter valued at about $32,000. HHM Wealth Advisors LLC increased its position in shares of PulteGroup by 158.5% during the first quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after acquiring an additional 168 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of PulteGroup during the fourth quarter valued at about $33,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of PulteGroup in the 4th quarter valued at approximately $38,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Up 0.9%

Shares of PHM traded up $1.11 during mid-day trading on Friday, hitting $124.83. 1,516,575 shares of the company’s stock were exchanged, compared to its average volume of 1,747,614. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.59 and a beta of 1.18. PulteGroup, Inc. has a fifty-two week low of $107.16 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day moving average is $122.24 and its 200-day moving average is $124.75.

PulteGroup (NYSE:PHM – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm posted $2.57 EPS. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 9.95 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 16th were paid a $0.26 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s payout ratio is 10.06%.

PulteGroup announced that its board has initiated a share repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Bank of America cut their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Evercore upped their price target on PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Truist Financial lowered their price target on PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus price target of $141.43.

Read Our Latest Stock Analysis on PHM

Insider Buying and Selling at PulteGroup

In other news, Director Lila Snyder sold 3,339 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the sale, the director owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. This represents a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew William Koart sold 7,457 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the completion of the sale, the chief operating officer owned 28,100 shares in the company, valued at approximately $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.75% of the company’s stock.

PulteGroup Company Profile

(Free Report)

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.