Cumberland Partners Ltd Buys 89,968 Shares of PulteGroup, Inc. $PHM

Key Points

• Cumberland Partners Ltd boosted its PulteGroup stake by 72.8% in the first quarter, buying 89,968 additional shares and bringing its total holding to 213,571 shares worth about $25.1 million.
• PulteGroup reported better-than-expected Q2 results, with EPS of $2.48 and revenue of $3.98 billion, but revenue still fell 9.6% from a year ago and the stock has faced pressure from margin concerns and a soft housing market.
• Analysts remain cautious overall: the stock has a Moderate Buy consensus with an average price target of $143.14, while the company is also supporting shareholder returns through a $1.5 billion buyback plan and a quarterly dividend.

Cumberland Partners Ltd grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 72.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 213,571 shares of the construction company's stock after buying an additional 89,968 shares during the period. PulteGroup makes up 1.9% of Cumberland Partners Ltd's investment portfolio, making the stock its 21st biggest holding. Cumberland Partners Ltd owned about 0.11% of PulteGroup worth $25,118,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in PulteGroup by 56.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,072 shares of the construction company's stock valued at $1,420,000 after acquiring an additional 4,367 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of PulteGroup by 526.7% in the 1st quarter. Renaissance Technologies LLC now owns 194,067 shares of the construction company's stock worth $22,824,000 after acquiring an additional 163,100 shares during the period. Morningstar Investment Management LLC grew its holdings in shares of PulteGroup by 30.8% during the 1st quarter. Morningstar Investment Management LLC now owns 8,259 shares of the construction company's stock worth $971,000 after purchasing an additional 1,947 shares in the last quarter. GC Wealth Management RIA LLC grew its holdings in shares of PulteGroup by 17.6% during the 1st quarter. GC Wealth Management RIA LLC now owns 2,504 shares of the construction company's stock worth $294,000 after purchasing an additional 375 shares in the last quarter. Finally, Keebeck Wealth Management increased its position in shares of PulteGroup by 8.8% during the first quarter. Keebeck Wealth Management now owns 5,285 shares of the construction company's stock valued at $623,000 after purchasing an additional 429 shares during the period. Institutional investors own 89.90% of the company's stock.

Key PulteGroup News

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: PulteGroup continues to benefit from a solid backlog, growing net new orders, and a conservative balance sheet, which supports visibility into future revenue and cash flow. PulteGroup Offers A Stable Home For Real Estate Investors
• Positive Sentiment: The company’s Q2 earnings beat, ongoing share buybacks, and guidance for about $1 billion in operating cash flow help offset some of the near-term housing market pressure. Is PHM Stock Attractive After Its Q2 Earnings Beat and Margin Slide?
• Positive Sentiment: Management is using community growth and tighter spec inventory to support sales, suggesting PHM is actively managing through affordability challenges better than some peers. How PulteGroup Is Balancing Orders, Inventory and Margin Pressure
• Neutral Sentiment: Several recent articles and earnings-call summaries frame the quarter as a balance of growth and pressure, reinforcing a wait-and-see stance rather than a clear re-rating catalyst. PulteGroup Inc (PHM) Q2 2026 Earnings Call Highlights
• Negative Sentiment: Margin pressure, weaker fundamentals, and falling estimates are limiting upside, which helps explain why the stock has not fully rewarded the earnings beat. Is PHM Stock Attractive After Its Q2 Earnings Beat and Margin Slide?
• Negative Sentiment: Recent reporting noted the shares declined despite the earnings beat, reflecting investor concern that the housing cycle remains pressured and that profitability may stay under strain. PulteGroup shares decline despite second-quarter earnings beat

Analysts Set New Price Targets

A number of research analysts recently commented on PHM shares. Royal Bank Of Canada upped their target price on PulteGroup from $115.00 to $116.00 and gave the company a "sector perform" rating in a research note on Thursday. Citigroup lowered their price target on shares of PulteGroup from $138.00 to $134.00 and set a "neutral" rating on the stock in a report on Friday. The Goldman Sachs Group increased their price objective on shares of PulteGroup from $133.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Wells Fargo & Company raised 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. Finally, Barclays lifted their target price on shares of PulteGroup from $123.00 to $124.00 and gave the company an "equal weight" rating in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $143.14.

PulteGroup Price Performance

Shares of PHM stock opened at $128.85 on Friday. The stock's fifty day simple moving average is $124.12 and its 200 day simple moving average is $125.25. PulteGroup, Inc. has a one year low of $108.49 and a one year high of $144.49. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.94.

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 (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. The firm 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%.The business's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.03 earnings per share. On average, analysts expect that PulteGroup, Inc. will post 10.01 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup's dividend payout ratio (DPR) is 10.62%.

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

Insider Transactions at PulteGroup

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer directly owned 28,100 shares of the company's stock, valued at approximately $3,372,000. This represents a 20.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lila Snyder sold 3,339 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the sale, the director directly owned 3,540 shares of the company's stock, valued at approximately $414,817.20. The trade was a 48.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.75% of the company's stock.

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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