Convergence Investment Partners LLC Makes New Investment in PulteGroup, Inc. $PHM

Convergence Investment Partners LLC bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,374 shares of the construction company’s stock, valued at approximately $1,423,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake 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 buying an additional 655,033 shares during the period. First Trust Advisors LP raised its holdings in PulteGroup by 7.8% in the 1st quarter. First Trust Advisors LP now owns 4,314,501 shares of the construction company’s stock valued at $507,428,000 after acquiring an additional 313,581 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of PulteGroup by 126.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock valued at $502,366,000 after acquiring an additional 2,392,580 shares during the period. Norges Bank bought a new stake in shares of PulteGroup during the 4th quarter valued at $466,653,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 26,790 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting PulteGroup

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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of PulteGroup from $138.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group upped their price target on shares of PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Barclays lifted their price objective on shares of PulteGroup from $123.00 to $124.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Evercore restated an “outperform” rating and set a $162.00 price objective on shares of PulteGroup in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company increased their target price 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.14.

PulteGroup Stock Down 0.3%

PulteGroup stock opened at $130.13 on Friday. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.62 and a beta of 1.19. PulteGroup, Inc. has a 52-week low of $108.49 and a 52-week 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. The firm has a 50 day moving average price of $128.33 and a two-hundred day moving average price of $125.58.

PulteGroup (NYSE:PHM) last announced its 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 business had revenue of $3.98 billion during 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%. PulteGroup’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.03 earnings per share. Equities analysts predict that PulteGroup, Inc. will post 10.12 EPS for the current year.

PulteGroup announced that its Board of Directors has approved a stock repurchase program on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, COO Matthew William Koart sold 7,457 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer owned 28,100 shares in the company, valued at $3,372,000. This represents 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 owned by corporate 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.