PulteGroup, Inc. $PHM Shares Sold by Assetmark Inc.

Key Points

• Assetmark reduced its PulteGroup stake by 8.9% in the second quarter, selling 44,679 shares and retaining 455,101 shares valued at approximately $62.4 million. Institutional investors and hedge funds collectively own 89.9% of PHM.
• PulteGroup’s latest quarterly results exceeded expectations, with EPS of $2.48 versus the $2.36 consensus and revenue of $3.98 billion. However, revenue fell 9.6% year over year, and several longer-term earnings estimates were lowered.
• PHM traded around $130.13, while analysts maintained a “Moderate Buy” consensus and an average price target of $143.14. The company also authorized a $1.5 billion share buyback, allowing repurchases of up to 6.1% of outstanding shares.

Assetmark Inc. lowered its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,101 shares of the construction company's stock after selling 44,679 shares during the quarter. Assetmark Inc. owned approximately 0.24% of PulteGroup worth $62,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PHM. 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 purchasing an additional 198 shares during the last quarter. NFSG Corp purchased a new stake in shares of PulteGroup in the first quarter valued at about $29,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of PulteGroup during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC boosted its stake 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 buying an additional 168 shares during the period. Finally, DV Equities LLC acquired a new stake in shares of PulteGroup during the fourth quarter worth about $32,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PulteGroup

In related news, COO Matthew William Koart sold 7,457 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Key PulteGroup News

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 Trading Down 0.3%

Shares of PulteGroup stock opened at $130.13 on Friday. PulteGroup, Inc. has a 12-month low of $108.49 and a 12-month high of $144.49. 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 stock has a market cap of $24.39 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The company has a 50-day moving average of $128.33 and a two-hundred day moving average of $125.58.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, topping 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 company's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.03 EPS. On average, research analysts anticipate that PulteGroup, Inc. will post 10.12 EPS for the current fiscal year.

PulteGroup announced that its board has initiated 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 buy up to 6.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PHM shares. The Goldman Sachs Group increased their price objective on PulteGroup from $133.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Royal Bank Of Canada boosted their target price on PulteGroup from $115.00 to $116.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. Citigroup decreased their price target on PulteGroup from $138.00 to $134.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Wells Fargo & Company lifted their price objective on shares of PulteGroup from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Finally, Barclays boosted their price objective on shares of PulteGroup from $123.00 to $124.00 and gave the company an "equal weight" rating in a research note 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. Based on data from MarketBeat, the stock has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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