Sumitomo Mitsui Trust Group Inc. Cuts Position in PulteGroup, Inc. $PHM

Sumitomo Mitsui Trust Group Inc. decreased its position in PulteGroup, Inc. (NYSE:PHM) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 478,245 shares of the construction company’s stock after selling 7,183 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of PulteGroup worth $65,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Focus Partners Wealth boosted its position in shares of PulteGroup by 20.5% during the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock valued at $1,287,000 after acquiring an additional 2,128 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in PulteGroup by 197.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,212 shares of the construction company’s stock worth $128,000 after purchasing an additional 804 shares during the last quarter. Guggenheim Capital LLC increased its position in PulteGroup by 12.9% in the second quarter. Guggenheim Capital LLC now owns 8,519 shares of the construction company’s stock worth $898,000 after purchasing an additional 975 shares during the last quarter. Baird Financial Group Inc. raised its stake in PulteGroup by 8.0% during the second quarter. Baird Financial Group Inc. now owns 29,060 shares of the construction company’s stock valued at $3,065,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in PulteGroup by 17.6% during the second quarter. Cerity Partners LLC now owns 41,677 shares of the construction company’s stock valued at $4,395,000 after purchasing an additional 6,240 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Up 1.1%

Shares of PHM opened at $130.54 on Friday. The company has a market cap 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 business has a fifty day moving average of $128.10 and a 200 day moving average of $125.55. PulteGroup, Inc. has a 52-week low of $108.49 and a 52-week high of $144.49. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. PulteGroup’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, sell-side analysts expect that PulteGroup, Inc. will post 10.12 EPS for the current year.

PulteGroup announced that its board has authorized a share buyback 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 purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

PHM has been the subject of a number of recent research reports. Bank of America dropped their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 20th. UBS Group restated a “buy” rating and set a $166.00 target price on shares of PulteGroup in a research report on Thursday, July 23rd. Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. Royal Bank Of Canada increased their price target on shares of PulteGroup from $115.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded PulteGroup from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.14.

Insider Activity

In other news, COO Matthew William Koart sold 7,457 shares of the firm’s 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 completion of the sale, the chief operating officer owned 28,100 shares in the company, valued at approximately $3,372,000. This trade represents a 20.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

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 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.