Evercore ISI Group Cuts PulteGroup (PHM) Price Target to $143
Key Points
- Evercore ISI Group reiterated an Outperform rating on PulteGroup, Inc. on October 23, 2026, moving its price target down from $154.00 to $143.00.
- Evercore ISI Group's $143 price target implies 19.69% upside from PulteGroup, Inc.'s ($PHM) current $119.48 share price.
- The homebuilder recently traded at $119.48, down about 1.2% from its October 23, 2026 closing price of $120.99.
- PulteGroup trades with a trailing P/E ratio of 12.8 and has its next quarterly earnings report scheduled for January 28, 2027.
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Evercore ISI Group reiterated its Outperform rating on PulteGroup, Inc. (NYSE: PHM) on October 23, 2026, while adjusting its price target down to $143.00 from $154.00. The research note highlights the firm's continued positive stance on the homebuilder even as target figures are revised across Wall Street.
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PulteGroup, Inc.
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Evercore ISI Group's Call on PulteGroup, Inc.
In its research note issued on October 23, 2026, Evercore ISI Group maintained its Outperform rating on PulteGroup, Inc., moving its price target from $154.00 to $143.00.
Other Institutional Activity in PulteGroup, Inc.
Other large financial institutions adjusted their positions in PulteGroup recently. Franklin Resources, Inc. grew its holdings by 579,700 shares, ending with 15,559,037 shares worth about $1.88 billion. Greenhaven Associates, Inc. reduced its stake by 41,229 shares, finishing with 5,455,949 shares valued at roughly $660.1 million. Meanwhile, Vest Financial cut its position by 99,590 shares, closing out with 284,335 shares worth about $33.0 million.
PulteGroup, Inc. Stock Up 5.8%
PulteGroup shares recently traded around $119.48, down about 1.2% from an event-day close of $120.99 on October 23, 2026. The stock sits below its 50-day moving average of $120.09 and under its 200-day moving average of $124.21. Shares have traded in a 52-week range between $107.16 and $144.50.
$PHM price target
PulteGroup, Inc. daily closes and this analyst's $143 target. Not advice.
Recent Earnings
PulteGroup posted trailing-twelve-month revenue of $15.98 billion and basic earnings of $9.36 per share. The company's next earnings report is scheduled for January 28, 2027.
Dividend
The company pays an annual dividend of $1.04 per share, translating to a dividend yield of 0.87%.
Insider Buying and Selling at PulteGroup, Inc.
Company insiders executed several stock sales earlier in the year, including transactions by the General Counsel, Chief Operating Officer, and other executives.
Analysts Set New Price Targets
Wall Street tracks the company closely, with several firms updating their views around the same date. Citigroup maintained a Neutral rating with a target moved from $134.00 to $122.00 on October 15, 2026. RBC Capital maintained a Sector Perform rating, moving its target from $116.00 to $111.00 on October 15, and later adjusted it to $110.00 on October 23. Barclays maintained an Equal-Weight rating while shifting its target from $110.00 to $109.00 on October 23. Overall, the stock carries a consensus buy recommendation from analysts.
About PulteGroup, Inc.
PulteGroup, Inc. builds residential homes across the United States. The company acquires land, develops communities, and constructs single-family detached homes as well as townhomes and condominiums under brands like Centex, Pulte Homes, and Del Webb.
Bottom Line
Investors will look toward the company's next earnings update on January 28, 2027, for further insight into housing market conditions. Monitoring how institutional investors adjust holdings ahead of that report will provide additional context.
Related Filing Alerts
Source: Evercore ISI Group's rating change on $PHM (Oct 23, 2026). Written by software, not financial advice. How we make alerts