Sumitomo Mitsui Trust Group Inc. Trims Stock Holdings in PulteGroup, Inc. $PHM

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 478,245 shares of the construction company’s stock after selling 7,183 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in PulteGroup were worth $65,620,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new position in PulteGroup in the 4th quarter valued at $466,653,000. Price T Rowe Associates Inc. MD increased its stake in PulteGroup by 126.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock worth $502,366,000 after purchasing an additional 2,392,580 shares during the period. Public Sector Pension Investment Board lifted its position in shares of PulteGroup by 5,485.0% during the fourth quarter. Public Sector Pension Investment Board now owns 930,622 shares of the construction company’s stock worth $109,125,000 after purchasing an additional 913,959 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of PulteGroup by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock worth $1,589,495,000 after purchasing an additional 655,033 shares during the last quarter. Finally, Milford Funds Ltd. purchased a new stake in shares of PulteGroup during the fourth quarter valued at $68,379,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Trending Headlines about PulteGroup

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 stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares in the company, valued at $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 the SEC website. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price target 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 lifted their price objective on shares of PulteGroup from $115.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. 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 report on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $166.00 target price on shares of PulteGroup in a research note on Thursday, July 23rd. Finally, Bank of America reduced their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.14.

PulteGroup Price Performance

Shares of PHM stock opened at $130.54 on Friday. PulteGroup, Inc. has a twelve month low of $108.49 and a twelve 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 fifty day simple moving average of $128.10 and a two-hundred day simple moving average of $125.55. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.60 and a beta of 1.19.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS 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 analyst estimates of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.03 earnings per share. On average, analysts predict that PulteGroup, Inc. will post 10.12 EPS for the current fiscal year.

PulteGroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 23rd that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are 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.