iA Global Asset Management Inc. Invests $38.94 Million in PulteGroup, Inc. $PHM

Key Points

• iA Global Asset Management bought 283,780 PulteGroup shares worth approximately $38.94 million, giving it a 0.15% stake. Institutional investors and hedge funds collectively own 89.9% of PHM.
• PulteGroup beat quarterly expectations with EPS of $2.48 versus the $2.36 consensus and revenue of $3.98 billion, although revenue declined 9.6% year over year.
• Analysts maintain a Moderate Buy consensus with an average price target of $143.14, while the company’s mortgage unit secured a $625 million funding facility and PulteGroup has authorized a $1.5 billion share buyback.

iA Global Asset Management Inc. bought a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 283,780 shares of the construction company's stock, valued at approximately $38,937,000. iA Global Asset Management Inc. owned about 0.15% of PulteGroup at the end of the most recent quarter.

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

PulteGroup News Roundup

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.

Insiders Place Their Bets

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the business'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 completion of the sale, the chief operating officer directly owned 28,100 shares of the company's stock, valued at approximately $3,372,000. The trade was a 20.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup lowered their target price on PulteGroup from $138.00 to $134.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Weiss Ratings upgraded shares of PulteGroup from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 23rd. The Goldman Sachs Group increased their price objective on shares of PulteGroup from $133.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Royal Bank Of Canada raised their price objective on shares of PulteGroup from $115.00 to $116.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and issued a $166.00 target price on shares of PulteGroup in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and an average target price of $143.14.

PulteGroup Stock Up 1.1%

NYSE PHM opened at $130.54 on Friday. The stock has a market capitalization of $24.47 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.60 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 stock has a fifty day moving average of $128.10 and a 200-day moving average of $125.55.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $3.98 billion for 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 firm's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.03 earnings per share. On average, equities research analysts forecast 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 allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.

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