Kestra Private Wealth Services LLC Sells 4,962 Shares of PulteGroup, Inc. $PHM

Kestra Private Wealth Services LLC trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM) by 62.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,952 shares of the construction company’s stock after selling 4,962 shares during the period. Kestra Private Wealth Services LLC’s holdings in PulteGroup were worth $405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. National Pension Service lifted its stake in PulteGroup by 3.8% during the fourth quarter. National Pension Service now owns 507,443 shares of the construction company’s stock worth $59,503,000 after purchasing an additional 18,455 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in PulteGroup by 166.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 16,753 shares of the construction company’s stock valued at $1,964,000 after acquiring an additional 10,467 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in PulteGroup in the fourth quarter valued at about $2,183,000. Qsemble Capital Management LP acquired a new position in PulteGroup during the fourth quarter worth about $7,205,000. Finally, River Street Advisors LLC raised its stake in PulteGroup by 94.6% during the first quarter. River Street Advisors LLC now owns 18,208 shares of the construction company’s stock worth $2,141,000 after acquiring an additional 8,851 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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.

Insider Activity at PulteGroup

In related news, COO Matthew William Koart sold 7,457 shares of the business’s stock in a transaction on 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 owned 28,100 shares of the company’s stock, valued at $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PHM shares. The Goldman Sachs Group raised their price target on shares of PulteGroup from $133.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company raised their target price 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. Royal Bank Of Canada boosted their target price on shares of PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Barclays increased 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. Finally, Evercore restated an “outperform” rating and set a $162.00 price objective on shares of PulteGroup in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.14.

PulteGroup Stock Up 1.1%

NYSE:PHM opened at $130.54 on Friday. The firm’s 50 day simple moving average is $128.10 and its 200 day simple moving average is $125.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78. PulteGroup, Inc. has a one year low of $108.49 and a one year high of $144.49. The company has a market cap of $24.47 billion, a PE 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the company posted $3.03 EPS. The company’s revenue was down 9.6% on a year-over-year basis. On average, research analysts anticipate that PulteGroup, Inc. will post 10.12 earnings per share for the current year.

PulteGroup declared that its Board of Directors has approved a stock buyback program on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.