Ashton Thomas Private Wealth LLC Trims Stake in PulteGroup, Inc. $PHM

Key Points

• Ashton Thomas Private Wealth cut its PulteGroup stake by 85% in the second quarter, selling 14,594 shares and retaining 2,574 shares worth approximately $353,000. Institutional investors collectively own 89.9% of PHM.
• PulteGroup exceeded quarterly expectations, reporting $2.48 in EPS versus the $2.36 consensus and $3.98 billion in revenue, although revenue declined 9.6% year over year and EPS fell from $3.03.
• Analysts maintain a “Moderate Buy” consensus with a $143.14 target price, while the company’s $1.5 billion buyback authorization could repurchase up to 6.1% of outstanding shares.

Ashton Thomas Private Wealth LLC cut its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 85.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,574 shares of the construction company's stock after selling 14,594 shares during the period. Ashton Thomas Private Wealth LLC's holdings in PulteGroup were worth $353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC increased its stake in shares of PulteGroup by 1,650.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company's stock worth $25,000 after purchasing an additional 198 shares in the last quarter. NFSG Corp purchased a new position in shares of PulteGroup during the 1st quarter valued at about $29,000. Rachor Investment Advisory Services LLC purchased a new position in shares of PulteGroup during the 4th quarter valued at about $31,000. DV Equities LLC bought a new position in shares of PulteGroup during the 4th quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC grew its stake in shares of PulteGroup by 158.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company's stock valued at $32,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insider Activity at PulteGroup

In other news, COO Matthew William Koart sold 7,457 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total transaction of $894,840.00. Following the completion of the transaction, the chief operating officer directly owned 28,100 shares in the company, valued at approximately $3,372,000. This 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. Corporate insiders own 0.75% of the company's stock.

PulteGroup Price Performance

NYSE:PHM opened at $130.54 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $24.47 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.60 and a beta of 1.19. PulteGroup, Inc. has a 12 month low of $108.49 and a 12 month high of $144.49. The business's 50-day moving average is $128.10 and its 200 day moving average is $125.55.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results 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 business 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. On average, equities research analysts forecast that PulteGroup, Inc. will post 10.12 earnings per share for the current fiscal year.

PulteGroup declared that its board has approved a stock buyback plan on Thursday, April 23rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

PulteGroup News Summary

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.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of PulteGroup from $133.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Bank of America dropped their price target on shares of PulteGroup from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Royal Bank Of Canada increased their price objective on shares of PulteGroup from $115.00 to $116.00 and gave the stock a "sector perform" 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, Oppenheimer restated an "outperform" rating on shares of PulteGroup in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.14.

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.

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