UBS Cuts PulteGroup (PHM) Price Target to $162

UBS reaffirmed its Buy rating on PulteGroup, Inc. (NYSE: PHM) on October 23, 2026, while shifting its price target downward. Research notes from the firm show the target moved from $166.00 to $162.00.

PHM PulteGroup, Inc.

$120.73 ▲ +2.05% year to date

1M 3M YTD

Daily close · Oct 23, 2026

UBS's Call on PulteGroup

On October 23, 2026, UBS kept its bullish stance on the homebuilder while trimming its twelve-month price expectation. The firm's updated target of $162.00 follows a prior target of $166.00. The stock closed at $121.19 on the day of the rating update.

Other Institutional Activity in PulteGroup

Franklin Resources, Inc. grew its holdings by 579,700 shares, ending with 15,559,037 shares worth about $1.89 billion. Greenhaven Associates, Inc. trimmed its stake by 41,229 shares, ending with 5,455,949 shares worth about $661.2 million.

PulteGroup, Inc. Stock Up 5.8%

PulteGroup recently traded around $119.48 as of October 23, 2026, sitting roughly 1.4% below its event-day close of $121.19. The shares trade below their 50-day moving average of $120.09 and below the 200-day moving average of $124.21. The stock has moved between a 52-week low of $107.16 and a 52-week high of $144.50.

Recent Earnings

PulteGroup posted trailing twelve month revenue of $15.98 billion alongside trailing earnings of $9.36 per share. The company generated a net profit margin of 11.2% and a return on equity of 13.9%. Investors can look ahead to the next earnings report scheduled for January 28, 2027.

Dividend

The company distributes an annual dividend rate of $1.04 per share, which translates to a dividend yield of 0.87%. The payout ratio sits at 10.2% of earnings.

Insider Buying and Selling at PulteGroup, Inc.

General Counsel Todd N. Sheldon sold 14,220 shares on February 6, 2026, at an average price of $135.01 for a total value of about $1.92 million. Officer Kevin A. Henry sold 5,173 shares on February 24, 2026, at $141.04 per share for roughly $729,574. Director Lila Snyder disposed of 3,339 shares on May 8, 2026, at $117.18 each for about $391,264. Chief Operating Officer Matthew William Koart parted with 7,457 shares on May 27, 2026, at $120.00 per share totaling approximately $894,840.

Analysts Set New Price Targets

Citigroup maintained a Neutral rating on October 15, 2026, while lowering its target from $134.00 to $122.00. On October 23, 2026, Evercore ISI Group kept an Outperform rating and adjusted its target from $154.00 to $143.00. RBC Capital kept a Sector Perform rating on October 23, 2026, moving its target from $111.00 to $110.00. Barclays maintained an Equal-Weight rating on October 23, 2026, reducing its target from $110.00 to $109.00. Overall, the stock holds a consensus buy recommendation across 17 analyst opinions with a mean price target of $134.47.

About PulteGroup

PulteGroup is a major homebuilding company that acquires and develops land for residential purposes across the United States. The firm builds and sells single-family detached homes alongside attached residences like townhomes, condominiums, and duplexes. Its residential properties reach buyers through brands such as Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods.

Bottom Line

PulteGroup continues to navigate the residential construction sector with support from Wall Street firms despite varied target adjustments. Market participants will monitor upcoming earnings reports and housing market trends for further direction on the stock.