PulteGroup (NYSE:PHM) Stock Gets Price Target Cut from Royal Bank Of Canada

PulteGroup (NYSE:PHM) had its price objective decreased by research analysts at Royal Bank Of Canada from $111.00 to $110.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Royal Bank Of Canada‘s target price indicates a potential downside of 7.73% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Barclays decreased their price target on shares of PulteGroup from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Friday. Truist Financial dropped their price objective on PulteGroup from $145.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Melius Research assumed coverage on PulteGroup in a report on Tuesday, October 6th. They set a “hold” rating and a $132.00 target price on the stock. Wolfe Research set a $129.00 target price on PulteGroup and gave the stock an “outperform” rating in a report on Monday, August 24th. Finally, Citigroup decreased their target price on PulteGroup from $134.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.18.

PulteGroup Trading Down 0.2%

PHM traded down $0.27 during midday trading on Friday, reaching $119.21. 178,234 shares of the company were exchanged, compared to its average volume of 1,805,013. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 0.78. PulteGroup has a one year low of $107.15 and a one year high of $144.49. The stock has a market capitalization of $22.35 billion, a P/E ratio of 12.19, a PEG ratio of 1.57 and a beta of 1.16. The stock’s 50-day simple moving average is $119.99 and its 200 day simple moving average is $122.71.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, October 22nd. The construction company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.10). PulteGroup had a return on equity of 15.21% and a net margin of 11.62%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. PulteGroup’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, analysts forecast that PulteGroup will post 10.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PulteGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC increased its holdings in PulteGroup by 1,650.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. NFSG Corp bought a new stake in shares of PulteGroup in the first quarter valued at about $29,000. Mcdonald Partners LLC acquired a new stake in PulteGroup in the 2nd quarter valued at approximately $43,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in PulteGroup in the 1st quarter valued at approximately $37,000. Finally, Compass Financial Management LLC bought a new stake in PulteGroup in the 2nd quarter valued at approximately $73,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about PulteGroup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: PulteGroup reported $475.7 million in net income, or $2.53 per share, while management highlighted the benefits of its diversified operating platform amid challenging housing conditions. The company also expects 27,000–27,500 full-year home closings and plans approximately $5.3 billion in 2026 land investment, supporting future growth. PulteGroup Announces Q3 2026 Net Income and Financial Results PulteGroup Closing Outlook and Land Spending
• Positive Sentiment: Analysts and financial commentary point to PulteGroup’s cash-flow generation and relatively modest leverage as reasons the shares may look attractively valued. Its diversified geographic and product exposure may also help it navigate uneven demand. PulteGroup Stock Valuation and Cash Flow
• Neutral Sentiment: Backlog growth provides some forward visibility, but investors will focus on whether the backlog converts into closings and margins as mortgage rates and affordability pressures persist. PulteGroup Q3 2026 Earnings Call Transcript
• Negative Sentiment: Third-quarter EPS of $2.53 missed the $2.63 consensus estimate, while revenue of $3.97 billion fell short of the $4.15 billion forecast. Net income declined from $586 million, or $2.96 per share, a year earlier, and revenue dropped 9.8% year over year. PulteGroup Third-Quarter Financial Results
• Negative Sentiment: Elevated mortgage rates, inflation and economic uncertainty are reducing homebuyer demand, pressuring sales volumes, pricing and margins—particularly in the luxury-home segment. These factors initially drove selling pressure despite the company’s longer-term growth plans. PulteGroup Net Income Declines as Mortgage Rates Weigh on Sales

PulteGroup Company Profile

PulteGroup, Inc is a major U.S. homebuilding company that designs, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its operations include land acquisition and development, home construction, sales and marketing, and customer service.

The company markets homes under several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West. Through these brands, PulteGroup offers a variety of single-family home designs and communities, with products tailored to different price points, lifestyles and stages of homeownership.