PulteGroup, Inc. $PHM Shares Sold by Channel Wealth LLC

Channel Wealth LLC reduced its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 77.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,107 shares of the construction company's stock after selling 23,731 shares during the period. Channel Wealth LLC's holdings in PulteGroup were worth $833,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC increased its holdings in PulteGroup by 2.8% in the 2nd 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. Perigon Wealth Management LLC increased its holdings in PulteGroup by 3.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,672 shares of the construction company's stock valued at $313,000 after purchasing an additional 92 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in PulteGroup by 5.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company's stock valued at $229,000 after purchasing an additional 94 shares in the last quarter. Opal Wealth Advisors LLC grew its position in PulteGroup by 4.8% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,169 shares of the construction company's stock valued at $254,000 after acquiring an additional 99 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in PulteGroup by 1.0% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,520 shares of the construction company's stock valued at $1,390,000 after acquiring an additional 100 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PulteGroup news, Director Lila Snyder sold 3,339 shares of PulteGroup stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the completion of the transaction, the director owned 3,540 shares of the company's stock, valued at $414,817.20. The trade was a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kevin A. Henry sold 5,173 shares of PulteGroup stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total transaction of $729,548.19. Following the completion of the transaction, the executive vice president directly owned 14,673 shares of the company's stock, valued at approximately $2,069,333.19. This represents a 26.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Wells Fargo & Company increased their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. UBS Group increased their price objective on shares of PulteGroup from $159.00 to $162.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Evercore increased their price objective on shares of PulteGroup from $146.00 to $151.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Finally, Oppenheimer restated an "outperform" rating and set a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.71.

PulteGroup Stock Up 0.6%

NYSE:PHM opened at $117.52 on Friday. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23. PulteGroup, Inc. has a one year low of $95.20 and a one year high of $144.49. The stock has a 50-day simple moving average of $122.86 and a 200 day simple moving average of $124.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.01). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.40 billion. PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. Sell-side analysts predict that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup declared that its Board of Directors has approved a share buyback plan on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 16th. PulteGroup's payout ratio is currently 10.06%.

Key Stories Impacting PulteGroup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Zacks Research raised its Q4 2026 EPS estimate for PulteGroup to $2.87 from $2.78, suggesting slightly better-than-expected profitability in that period.
• Positive Sentiment: Zacks Research also increased its Q4 2027 EPS estimate to $3.25 from $3.22, indicating improved longer-term earnings expectations. Article link
• Neutral Sentiment: The stock is drawing extra investor attention after being highlighted as one of Zacks.com’s most-watched names, which can increase trading interest but does not by itself change fundamentals. Article link
• Negative Sentiment: Analysts trimmed PulteGroup’s Q2 2026 EPS estimate to $2.37 from $2.60, a meaningful cut that may weigh on sentiment around near-term results.
• Negative Sentiment: Estimates were also cut for Q3 2026, Q2 2027, Q3 2027 and full-year FY2026 earnings, with FY2026 lowered to $9.70 from $9.85, reinforcing a more cautious earnings outlook. Article link

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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