Aberdeen Group plc Sells 44,469 Shares of PulteGroup, Inc. $PHM

Key Points

• Aberdeen Group plc cut its PulteGroup stake by 73% in the second quarter, selling 44,469 shares and retaining 16,423 shares valued at approximately $2.25 million.
• Institutional investors own about 89.9% of PulteGroup, while several firms—including Cerity Partners, EverSource Wealth Advisors and Baird Financial—added to their positions.
• PulteGroup reported quarterly EPS of $2.48, beating estimates of $2.36, and revenue of $3.98 billion; analysts maintain a “Moderate Buy” consensus with a $143.14 average price target, while the company has authorized a $1.5 billion share repurchase program.

Aberdeen Group plc decreased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 73.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,423 shares of the construction company's stock after selling 44,469 shares during the period. Aberdeen Group plc's holdings in PulteGroup were worth $2,253,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

PHM has been the subject of several research reports. Citigroup dropped their price objective on shares of PulteGroup from $138.00 to $134.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Royal Bank Of Canada lifted their price target on PulteGroup from $115.00 to $116.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Evercore reissued an "outperform" rating and set a $162.00 price objective on shares of PulteGroup in a research note on Thursday, July 23rd. Oppenheimer restated an "outperform" rating on shares of PulteGroup in a report on Tuesday, May 26th. 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 assigned a Hold rating to the company. According to MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and a consensus price target of $143.14.

PulteGroup Price Performance

PHM opened at $130.13 on Friday. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.62 and a beta of 1.19. 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. The business's fifty day simple moving average is $128.33 and its 200-day simple moving average is $125.58.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The firm's quarterly revenue was down 9.6% on a year-over-year basis. On average, equities research analysts anticipate that PulteGroup, Inc. will post 10.12 earnings per share for the current fiscal year.

PulteGroup declared that its Board of Directors has initiated a share buyback plan on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at PulteGroup

In other news, COO Matthew William Koart sold 7,457 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $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 accessible through this link. Insiders own 0.75% of the company's stock.

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.

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.

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