PulteGroup, Inc. $PHM Shares Sold by Greenhaven Associates Inc.

Greenhaven Associates Inc. decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,455,949 shares of the construction company’s stock after selling 41,160 shares during the quarter. PulteGroup comprises approximately 8.6% of Greenhaven Associates Inc.’s holdings, making the stock its 5th largest position. Greenhaven Associates Inc. owned about 2.91% of PulteGroup worth $748,611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC acquired a new position in shares of PulteGroup during the second quarter worth approximately $412,000. Atria Investments Inc grew its stake in shares of PulteGroup by 5.8% in the second quarter. Atria Investments Inc now owns 13,322 shares of the construction company’s stock worth $1,828,000 after acquiring an additional 727 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in shares of PulteGroup in the second quarter worth $203,000. Mcdonald Partners LLC acquired a new stake in shares of PulteGroup in the second quarter worth $43,000. Finally, Asset Management One Co. Ltd. increased its position in PulteGroup by 0.5% during the second quarter. Asset Management One Co. Ltd. now owns 81,444 shares of the construction company’s stock worth $11,175,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $130.54 on Friday. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.60 and a beta of 1.19. PulteGroup, Inc. has a one year low of $108.49 and a one year high of $144.49. The business has a fifty day simple moving average of $128.10 and a 200 day simple moving average of $125.55. 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 (NYSE:PHM) last posted its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The firm 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 was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.03 earnings per share. Sell-side analysts expect that PulteGroup, Inc. will post 10.12 EPS for the current year.

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

Key Headlines Impacting PulteGroup

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.

Wall Street Analyst Weigh In

PHM has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating and set a $162.00 target price on shares of PulteGroup in a research note on Thursday, July 23rd. Barclays raised their price target on shares of PulteGroup from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of PulteGroup from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Citigroup cut their price objective on shares of PulteGroup from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Bank of America reduced their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $143.14.

Insider Activity at PulteGroup

In other news, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer directly owned 28,100 shares in the company, valued at approximately $3,372,000. The trade was a 20.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

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.