iA Global Asset Management Inc. Buys Shares of 283,780 PulteGroup, Inc. $PHM

iA Global Asset Management Inc. purchased a new stake in PulteGroup, Inc. (NYSE:PHM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 283,780 shares of the construction company’s stock, valued at approximately $38,937,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PHM. Cedar Mountain Advisors LLC increased its holdings in PulteGroup by 1,650.0% in the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after purchasing an additional 198 shares during the last quarter. NFSG Corp bought a new position in PulteGroup during the first quarter worth about $29,000. Rachor Investment Advisory Services LLC bought a new position in PulteGroup during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC boosted its holdings in 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 last quarter. Finally, DV Equities LLC acquired a new position in shares of PulteGroup during the 4th quarter worth about $32,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup News Summary

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.

PulteGroup Price Performance

PHM stock opened at $130.54 on Friday. The stock has a 50-day moving average price of $128.10 and a two-hundred day moving average price of $125.55. PulteGroup, Inc. has a 1 year low of $108.49 and a 1 year high of $144.49. The stock has a market cap of $24.47 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The company 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% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 earnings per share. Equities analysts forecast that PulteGroup, Inc. will post 10.12 EPS for the current fiscal year.

PulteGroup announced that its board has initiated a share buyback plan on Thursday, April 23rd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PHM shares. Barclays upped their price target on PulteGroup from $123.00 to $124.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $166.00 price objective on shares of PulteGroup in a research note on Thursday, July 23rd. Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a research note on Tuesday, May 26th. Evercore reiterated an “outperform” rating and issued a $162.00 target price on shares of PulteGroup in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of PulteGroup from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.14.

Insider Transactions at PulteGroup

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the sale, the chief operating officer owned 28,100 shares in the company, valued at approximately $3,372,000. The trade was a 20.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

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.