Pictet Asset Management Holding SA Reduces Stock Position in PulteGroup, Inc. $PHM

Pictet Asset Management Holding SA lessened its position in PulteGroup, Inc. (NYSE:PHM) by 22.5% during the second quarter, Holdings Channel.com reports. The fund owned 376,253 shares of the construction company’s stock after selling 109,212 shares during the period. Pictet Asset Management Holding SA’s holdings in PulteGroup were worth $51,626,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of PulteGroup during the fourth quarter valued at about $466,653,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 2,392,580 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in PulteGroup by 5,485.0% during the 4th quarter. Public Sector Pension Investment Board now owns 930,622 shares of the construction company’s stock valued at $109,125,000 after purchasing an additional 913,959 shares during the period. Franklin Resources Inc. increased its holdings in PulteGroup by 5.1% during the 4th quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock valued at $1,589,495,000 after purchasing an additional 655,033 shares during the period. Finally, Milford Funds Ltd. bought a new position in PulteGroup during the 4th quarter valued at approximately $68,379,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 0.3%

PHM stock opened at $130.13 on Friday. PulteGroup, Inc. has a fifty-two week low of $108.49 and a fifty-two week high of $144.49. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The business’s 50 day moving average price is $128.33 and its two-hundred day moving average price is $125.58. 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 earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the business posted $3.03 EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, analysts forecast that PulteGroup, Inc. will post 10.12 earnings per share for the current fiscal year.

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

PulteGroup News Summary

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Zacks Research raised its PulteGroup EPS forecast for Q4 2026 to $3.04 from $2.87 and lifted its FY2026 forecast to $9.91 from $9.70. It also made a small increase to its Q1 2027 estimate, now at $1.96 versus $1.95 previously. These revisions suggest some confidence in the company’s near-term earnings trajectory.
• Neutral Sentiment: Wall Street’s outlook for PHM is reviewed in a recent analyst-focused article, highlighting the importance of consensus ratings and price targets to the stock’s direction. Are Wall Street analysts predicting PulteGroup stock will climb or sink?
• Neutral Sentiment: PulteGroup entered a repurchase agreement to help finance mortgage originations. The pact may support lending capacity and home sales, although it also exposes the company’s mortgage business to financing and liquidity considerations. PulteGroup enters repurchase pact to finance mortgage originations
• Negative Sentiment: Zacks lowered several estimates, 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, Q1 2028 EPS to $2.40 from $2.46, and FY2028 EPS to $13.26 from $13.45. The breadth of the reductions signals some pressure on longer-term earnings expectations.

Analysts Set New Price Targets

Several research firms have weighed in on PHM. Wells Fargo & Company increased their price objective on PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Citigroup reduced their target price on PulteGroup from $138.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Barclays upped their target price on PulteGroup from $123.00 to $124.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Royal Bank Of Canada raised their price target on PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $166.00 price target on shares of PulteGroup in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $143.14.

Insiders Place Their Bets

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the completion of the transaction, the chief operating officer owned 28,100 shares in the company, 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 currently owned by insiders.

About PulteGroup

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.