Pictet Asset Management Holding SA Lowers Stake in PulteGroup, Inc. $PHM

Pictet Asset Management Holding SA reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 22.5% in the second quarter, according to its most recent filing with the SEC. 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 owned approximately 0.20% of PulteGroup worth $51,626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in PulteGroup in the fourth quarter valued at $466,653,000. Price T Rowe Associates Inc. MD lifted its stake in PulteGroup by 126.5% during 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 lifted its stake in PulteGroup by 5,485.0% during the fourth quarter. Public Sector Pension Investment Board now owns 930,622 shares of the construction company’s stock worth $109,125,000 after purchasing an additional 913,959 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of PulteGroup by 5.1% in the 4th quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock worth $1,589,495,000 after purchasing an additional 655,033 shares in the last quarter. Finally, Milford Funds Ltd. purchased a new position in shares of PulteGroup in the 4th quarter worth about $68,379,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Down 0.3%

Shares of NYSE:PHM opened at $130.13 on Friday. The stock has a market capitalization of $24.39 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The stock’s 50-day moving average price is $128.33 and its 200-day moving average price is $125.58. 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.

PulteGroup (NYSE:PHM) last released its 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. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.PulteGroup’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.03 EPS. On average, equities analysts anticipate that PulteGroup, Inc. will post 10.12 earnings per share for the current year.

PulteGroup declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 23rd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at PulteGroup

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at $3,372,000. The trade was a 20.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PHM shares. Bank of America decreased their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 20th. The Goldman Sachs Group upped their target price on PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Oppenheimer reiterated an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Royal Bank Of Canada boosted their price objective on shares of PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Finally, 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 report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.14.

More PulteGroup News

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.

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.