TD Waterhouse Canada Inc. cut its holdings in PulteGroup, Inc. (NYSE:PHM – Free Report) by 12.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,479 shares of the construction company’s stock after selling 6,253 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in PulteGroup were worth $6,036,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in PHM. Cedar Mountain Advisors LLC grew its stake in shares of PulteGroup by 1,650.0% during the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after acquiring an additional 198 shares during the last quarter. NFSG Corp acquired a new position in shares of PulteGroup during the first quarter valued at about $29,000. Rachor Investment Advisory Services LLC purchased a new position in shares of PulteGroup in the 4th quarter valued at approximately $31,000. HHM Wealth Advisors LLC raised its position in shares of PulteGroup by 158.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in PulteGroup in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 89.90% of the company’s stock.
Analyst Ratings Changes
PHM has been the topic of several research analyst reports. Truist Financial dropped their target price on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. Evercore reiterated an “outperform” rating and set a $162.00 price objective on shares of PulteGroup in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, UBS Group reissued a “buy” rating and issued a $166.00 target price on shares of PulteGroup in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $143.14.
PulteGroup News Roundup
Here are the key news stories impacting PulteGroup this week:
- Positive Sentiment: PulteGroup’s mortgage subsidiary entered into a $625 million funding facility, which should provide additional liquidity to finance mortgage originations and potentially support the company’s affiliated home-sales business. PulteGroup Secures $625 Million Mortgage Funding Facility
- Positive Sentiment: PulteGroup also entered a repurchase agreement to help fund mortgage originations. Access to warehouse-style financing can improve the mortgage unit’s ability to originate and hold loans, although it also exposes the business to financing and credit-market risks. PulteGroup Enters Repurchase Pact to Finance Mortgage Originations
- Neutral Sentiment: A Wall Street analyst roundup examines whether consensus expectations imply further upside or downside for PHM. The article highlights the importance of analyst targets and ratings, but the provided report does not specify a new consensus price target or recommendation. Are Wall Street Analysts Predicting PulteGroup Stock Will Climb or Sink?
- Negative Sentiment: Zacks Research made several downward revisions, including Q3 2026 EPS to $2.60 from $2.67, Q2 2027 EPS to $2.71 from $2.81, Q3 2027 EPS to $3.00 from $3.06, FY2027 EPS to $11.04 from $11.07, and FY2028 EPS to $13.26 from $13.45. These cuts suggest some pressure on longer-term earnings expectations.
- Positive Sentiment: Offsetting the reductions, Zacks raised FY2026 EPS to $9.91 from $9.70, Q4 2026 EPS to $3.04 from $2.87, Q1 2027 EPS to $1.96 from $1.95, and Q4 2027 EPS to $3.37 from $3.25. The revisions indicate near-term earnings remain resilient, though FY2026 remains below the broader consensus estimate of $10.08.
PulteGroup Stock Performance
PHM opened at $130.54 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12-month low of $108.49 and a 12-month high of $144.49. The firm has a 50 day moving average of $128.10 and a two-hundred day moving average of $125.55. The firm has a market capitalization of $24.47 billion, a PE ratio of 13.33, a P/E/G ratio of 1.60 and a beta of 1.19.
PulteGroup (NYSE:PHM – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS. On average, analysts anticipate that PulteGroup, Inc. will post 10.12 EPS for the current year.
PulteGroup declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in 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 often an indication that the company’s leadership believes its stock is undervalued.
Insider Transactions at PulteGroup
In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the company’s 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 sale, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. This represents a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.
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.
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