TD Waterhouse Canada Inc. Lowers Holdings in PulteGroup, Inc. $PHM

TD Waterhouse Canada Inc. decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PHM. Franklin Resources Inc. raised its holdings in shares of PulteGroup by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock valued at $1,589,495,000 after acquiring an additional 655,033 shares in the last quarter. First Trust Advisors LP lifted its stake in PulteGroup by 7.8% in the first quarter. First Trust Advisors LP now owns 4,314,501 shares of the construction company’s stock worth $507,428,000 after acquiring an additional 313,581 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in PulteGroup by 126.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock worth $502,366,000 after acquiring an additional 2,392,580 shares during the period. Norges Bank bought a new position in PulteGroup during the 4th quarter worth about $466,653,000. Finally, Dimensional Fund Advisors LP grew its holdings in PulteGroup by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,146,857 shares of the construction company’s stock worth $370,008,000 after acquiring an additional 26,790 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling

In related news, COO Matthew William Koart sold 7,457 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the completion of the sale, the chief operating officer owned 28,100 shares of the company’s stock, valued at $3,372,000. This represents a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is 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 Stock Performance

Shares of PulteGroup stock opened at $130.54 on Friday. The company 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. The company has a 50-day simple moving average of $128.10 and a two-hundred day simple moving average of $125.55. PulteGroup, Inc. has a one year low of $108.49 and a one year high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 0.78.

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

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and issued a $162.00 price target on shares of PulteGroup in a research report on Thursday, July 23rd. Bank of America cut their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Barclays upped their target price on PulteGroup from $123.00 to $124.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, UBS Group reaffirmed a “buy” rating and set 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. According to MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and a consensus 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.