Lombard Odier Asset Management Europe Ltd Makes New $2.60 Million Investment in PulteGroup, Inc. $PHM

Key Points

• Lombard Odier Asset Management Europe Ltd opened a new position in PulteGroup during the first quarter, buying 22,097 shares valued at about $2.6 million.
• PulteGroup recently beat Q2 earnings and revenue estimates, reporting EPS of $2.48 on revenue of $3.98 billion, while also maintaining a stock buyback program authorizing up to $1.5 billion in repurchases.
• Despite the beat, the stock has faced margin pressure and weaker year-over-year revenue, and recent insider sales plus cautious analyst commentary suggest investors remain wary about the housing cycle outlook.

Lombard Odier Asset Management Europe Ltd bought a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 22,097 shares of the construction company's stock, valued at approximately $2,599,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC grew its holdings in PulteGroup by 18.3% during the fourth quarter. Golden State Wealth Management LLC now owns 484 shares of the construction company's stock valued at $57,000 after purchasing an additional 75 shares during the period. Evergreen Capital Management LLC increased its stake in PulteGroup by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company's stock valued at $304,000 after purchasing an additional 78 shares in the last quarter. Stephens Inc. AR raised its holdings in PulteGroup by 3.5% in the fourth quarter. Stephens Inc. AR now owns 2,350 shares of the construction company's stock worth $276,000 after purchasing an additional 80 shares during the period. Perigon Wealth Management LLC raised its holdings in PulteGroup by 3.6% in the fourth quarter. Perigon Wealth Management LLC now owns 2,672 shares of the construction company's stock worth $313,000 after purchasing an additional 92 shares during the period. Finally, Opal Wealth Advisors LLC boosted its position in shares of PulteGroup by 4.8% during the fourth quarter. Opal Wealth Advisors LLC now owns 2,169 shares of the construction company's stock worth $254,000 after purchasing an additional 99 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Trending Headlines about PulteGroup

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

Insider Buying and Selling

In related news, Director Lila Snyder sold 3,339 shares of PulteGroup 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 completion of the sale, the director directly owned 3,540 shares of the company's stock, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew William Koart sold 7,457 shares of the business's stock in a transaction 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 $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.75% of the stock is currently owned by company insiders.

PulteGroup Stock Performance

Shares of PHM stock opened at $128.85 on Friday. The company has a market capitalization of $24.15 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.78. The company has a 50-day simple moving average of $124.12 and a 200 day simple moving average of $125.25. PulteGroup, Inc. has a 52 week low of $108.49 and a 52 week high of $144.49.

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. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The business's revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS. On average, sell-side analysts predict that PulteGroup, Inc. will post 10.08 earnings per share for the current year.

PulteGroup announced that its board has authorized a stock buyback program on Thursday, April 23rd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

PHM has been the subject of several research analyst reports. UBS Group reissued a "buy" rating and issued a $166.00 price target on shares of PulteGroup in a report on Thursday. Oppenheimer reissued an "outperform" rating on shares of PulteGroup in a research report on Tuesday, May 26th. Truist Financial dropped their price objective on PulteGroup from $170.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, April 16th. Royal Bank Of Canada raised their price objective on PulteGroup from $115.00 to $116.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their target price on PulteGroup from $133.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $143.14.

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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