Patten & Patten Inc. TN Trims Stock Holdings in PulteGroup, Inc. $PHM

Patten & Patten Inc. TN trimmed its holdings in PulteGroup, Inc. (NYSE:PHM) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,597 shares of the construction company’s stock after selling 6,992 shares during the quarter. Patten & Patten Inc. TN’s holdings in PulteGroup were worth $11,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of PulteGroup in the fourth quarter worth approximately $647,000. MGO One Seven LLC raised its holdings in shares of PulteGroup by 2.9% in the fourth quarter. MGO One Seven LLC now owns 9,463 shares of the construction company’s stock worth $1,110,000 after buying an additional 264 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of PulteGroup by 71.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,465 shares of the construction company’s stock worth $1,696,000 after buying an additional 6,026 shares during the period. Gateway Investment Advisers LLC raised its holdings in shares of PulteGroup by 12.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 7,785 shares of the construction company’s stock worth $913,000 after buying an additional 852 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of PulteGroup by 7.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 423,707 shares of the construction company’s stock worth $50,451,000 after buying an additional 30,988 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Trading Up 0.6%

PHM opened at $117.52 on Friday. The stock’s fifty day moving average is $122.86 and its two-hundred day moving average is $124.59. The company has a market capitalization of $22.39 billion, a P/E ratio of 11.37, a PEG ratio of 1.48 and a beta of 1.23. PulteGroup, Inc. has a 52 week low of $95.20 and a 52 week high of $144.49. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.01). The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.40 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business posted $2.57 EPS. Analysts forecast that PulteGroup, Inc. will post 10 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 16th. PulteGroup’s dividend payout ratio (DPR) is 10.06%.

PulteGroup declared that its board has approved a stock repurchase program on Thursday, April 23rd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PHM. Bank of America reduced their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Barclays reduced their price objective on PulteGroup from $115.00 to $112.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Evercore raised their price objective on PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings downgraded PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, UBS Group raised their price objective on PulteGroup from $159.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.71.

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

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Kevin A. Henry sold 5,173 shares of the 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 sale, the executive vice president owned 14,673 shares of the company’s stock, valued at approximately $2,069,333.19. This trade represents a 26.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lila Snyder sold 3,339 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the sale, the director owned 3,540 shares in the company, valued at $414,817.20. This represents a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by company insiders.

PulteGroup Company 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.