Royce & Associates LP Has $8.45 Million Stock Position in PulteGroup, Inc. $PHM

29 May 2026, 05:35 by Jessica Moore · The Cerbat Gem

Royce & Associates LP reduced its holdings in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,067 shares of the construction company’s stock after selling 10,149 shares during the quarter. Royce & Associates LP’s holdings in PulteGroup were worth $8,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PHM. Rachor Investment Advisory Services LLC acquired a new position in shares of PulteGroup during the fourth quarter valued at about $31,000. Lloyd Advisory Services LLC. acquired a new position in shares of PulteGroup during the fourth quarter valued at about $33,000. High Point Wealth Management LLC bought a new position in shares of PulteGroup during the fourth quarter valued at about $38,000. Beacon Financial Strategies CORP bought a new position in shares of PulteGroup during the fourth quarter valued at about $40,000. Finally, Elyxium Wealth LLC bought a new position in shares of PulteGroup during the fourth quarter valued at about $41,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Seaport Research Partners reissued a “sell” rating and set a $100.00 price target (down from $155.00) on shares of PulteGroup in a research report on Tuesday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on shares of PulteGroup from $132.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Bank of America dropped their price target 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. Finally, 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 report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $140.71.

Read Our Latest Stock Analysis on PulteGroup

Insider Activity at PulteGroup

In related news, COO Matthew William Koart sold 7,457 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the completion of the transaction, the chief operating officer owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lila Snyder sold 3,339 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the transaction, the director directly owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. This represents a 48.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by insiders.

PulteGroup Stock Performance

Shares of PHM stock opened at $118.00 on Friday. The firm’s 50-day simple moving average is $119.00 and its two-hundred day simple moving average is $124.06. PulteGroup, Inc. has a 52 week low of $95.20 and a 52 week high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.51 and a beta of 1.23.

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 (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm earned $2.57 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, equities analysts forecast that PulteGroup, Inc. will post 10 earnings per share for the current year.

PulteGroup Dividend Announcement

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

PulteGroup declared that its Board of Directors has approved a stock 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 reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

About PulteGroup

(Free Report)

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.