Teacher Retirement System of Texas Sells 19,876 Shares of PulteGroup, Inc. $PHM

Key Points

• Teacher Retirement System of Texas sold 19,876 shares of PulteGroup, reducing its stake by 9% to 201,905 shares valued at about $23.7 million.
• Significant insider selling: COO Matthew Koart sold 15,309 shares and VP Brien O'Meara sold 4,000, with insiders having offloaded 149,952 shares (~$20.16M) over the past 90 days; insiders now own about 0.75% of the stock.
• Mixed corporate signals: the board approved a $1.5 billion increase to buybacks (raising total authorization to $2.1 billion), while Q1 results showed a slight EPS miss ($1.79) and margin compression from higher sales incentives.

Teacher Retirement System of Texas lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,905 shares of the construction company's stock after selling 19,876 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of PulteGroup worth $23,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Nordea Investment Management AB grew its position in shares of PulteGroup by 2.4% in the 4th quarter. Nordea Investment Management AB now owns 573,065 shares of the construction company's stock worth $67,387,000 after buying an additional 13,259 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of PulteGroup by 24.2% in the 3rd quarter. Principal Financial Group Inc. now owns 312,935 shares of the construction company's stock worth $41,348,000 after buying an additional 61,009 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of PulteGroup by 10.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 105,470 shares of the construction company's stock worth $13,959,000 after buying an additional 10,028 shares during the last quarter. Dorato Capital Management bought a new stake in shares of PulteGroup in the 4th quarter worth approximately $2,625,000. Finally, EFG Asset Management Americas Corp. grew its position in shares of PulteGroup by 351.9% in the 3rd quarter. EFG Asset Management Americas Corp. now owns 46,752 shares of the construction company's stock worth $6,177,000 after buying an additional 36,407 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

Insiders Place Their Bets

In other news, COO Matthew William Koart sold 15,309 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.79, for a total value of $2,078,809.11. Following the completion of the transaction, the chief operating officer owned 42,418 shares of the company's stock, valued at $5,759,940.22. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brien P. O'meara sold 4,000 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president directly owned 8,601 shares of the company's stock, valued at approximately $1,165,521.51. This trade represents a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 149,952 shares of company stock valued at $20,162,165. 0.75% of the stock is currently owned by corporate insiders.

PulteGroup Stock Up 2.4%

Shares of NYSE:PHM opened at $130.64 on Friday. PulteGroup, Inc. has a 12-month low of $95.20 and a 12-month high of $144.49. The stock has a fifty day simple moving average of $125.87 and a two-hundred day simple moving average of $124.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.65 and a beta of 1.33.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.01). The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.40 billion. PulteGroup had a return on equity of 18.00% and a net margin of 12.82%.The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.57 EPS. On average, research analysts anticipate that PulteGroup, Inc. will post 10.07 earnings per share for the current fiscal year.

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

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th were given a $0.26 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. PulteGroup's dividend payout ratio is presently 9.35%.

Key Stories Impacting PulteGroup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Board raised buyback authorization by $1.5 billion (bringing total to $2.1 billion), signaling strong capital return priorities and support for the share price. Business Wire: Buyback Increase
• Positive Sentiment: Orders and community growth remained steady, and revenue came in roughly in line with/beat expectations ($3.41B), supporting top-line resilience despite a tougher market. Zacks: Revenues Beat on Orders
• Neutral Sentiment: Management commentary from the Q1 earnings call provides context on pricing, incentives, and inventory turns — useful for assessing whether margin pressure is temporary. (See transcript for details.) Seeking Alpha: Q1 2026 Earnings Call Transcript
• Negative Sentiment: PulteGroup missed on EPS ($1.79 vs. ~$1.84 consensus) and reported a meaningful YoY decline in profit, which pressured near-term earnings expectations. Zacks: Misses Q1 EPS
• Negative Sentiment: Margins compressed as management increased sales incentives to move homes in a stagnant market, resulting in lower net income and investor concern about profitability trends. WSJ: PulteGroup Posts Lower Profit
• Negative Sentiment: At least one analyst house issued a pessimistic forecast for PHM’s stock, adding downside sentiment that could limit near-term upside. American Banking News: Analyst Forecast

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded PulteGroup from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, January 12th. Wells Fargo & Company cut their price objective on PulteGroup from $150.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. The Goldman Sachs Group cut their price objective on PulteGroup from $150.00 to $133.00 and set a "neutral" rating on the stock in a research report on Friday, April 10th. Raymond James Financial reiterated an "outperform" rating and issued a $145.00 price objective on shares of PulteGroup in a research report on Wednesday, February 4th. Finally, Citizens Jmp initiated coverage on PulteGroup in a research report on Wednesday, January 7th. They set a "market outperform" rating and a $145.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, PulteGroup currently has an average rating of "Moderate Buy" and an average price target of $138.79.

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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