Rep. Jefferson Shreve Sells Off Shares of PulteGroup, Inc. (NYSE:PHM)

Representative Jefferson Shreve (R-Indiana) recently sold shares of PulteGroup, Inc. (NYSE:PHM). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in PulteGroup stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

PulteGroup Trading Up 3.4%

Shares of NYSE:PHM opened at $116.75 on Friday. The firm has a market cap of $23.03 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.33 and a beta of 1.22. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The company’s fifty day simple moving average is $106.92 and its 200 day simple moving average is $105.28. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 EPS. As a group, research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PHM. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Citigroup upped their price target on PulteGroup from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Barclays lowered their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada increased their target price on shares of PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.15.

Institutional Trading of PulteGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in shares of PulteGroup during the 1st quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in PulteGroup during the fourth quarter worth approximately $37,000. TD Waterhouse Canada Inc. increased its position in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock worth $38,000 after buying an additional 105 shares during the last quarter. American National Bank & Trust bought a new stake in PulteGroup in the first quarter valued at approximately $39,000. Finally, Quarry LP acquired a new stake in shares of PulteGroup in the fourth quarter valued at approximately $43,000. 89.90% of the stock is owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.