Cambridge Investment Research Advisors Inc. Trims Stock Position in PulteGroup, Inc. $PHM

Cambridge Investment Research Advisors Inc. lessened its stake in PulteGroup, Inc. (NYSE:PHM) by 27.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,576 shares of the construction company’s stock after selling 6,681 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PulteGroup were worth $2,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. National Pension Service lifted its holdings in PulteGroup by 3.8% in the fourth quarter. National Pension Service now owns 507,443 shares of the construction company’s stock valued at $59,503,000 after acquiring an additional 18,455 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of PulteGroup by 166.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 16,753 shares of the construction company’s stock worth $1,964,000 after purchasing an additional 10,467 shares during the period. Lecap Asset Management Ltd. acquired a new stake in shares of PulteGroup during the 4th quarter worth approximately $2,183,000. Qsemble Capital Management LP purchased a new position in shares of PulteGroup during the 4th quarter valued at approximately $7,205,000. Finally, River Street Advisors LLC increased its holdings in shares of PulteGroup by 94.6% during the 1st quarter. River Street Advisors LLC now owns 18,208 shares of the construction company’s stock valued at $2,141,000 after purchasing an additional 8,851 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Transactions 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 value of $894,840.00. Following the sale, the chief operating officer owned 28,100 shares in the company, valued at $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

Key PulteGroup News

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 Trading Up 1.1%

Shares of PHM stock opened at $130.54 on Friday. PulteGroup, Inc. has a 1-year low of $108.49 and a 1-year high of $144.49. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $128.10 and a 200-day simple moving average of $125.55.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.03 EPS. On average, equities research analysts expect that PulteGroup, Inc. will post 10.12 EPS for the current fiscal year.

PulteGroup announced that its board has approved a stock buyback program on Thursday, April 23rd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $162.00 target price on shares of PulteGroup in a research note on Thursday, July 23rd. Wells Fargo & Company lifted 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. Citigroup decreased 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. Barclays increased their target price on shares of PulteGroup from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada raised their target price on PulteGroup from $115.00 to $116.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.14.

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.