This evening we watched Pulte drop -2.7% to a price of $111.14 per share. The Large-Cap Residential Construction company is now trading -15.99% below its average target price of $132.3. Analysts have set target prices ranging from $105.0 to $183.0 per share for Pulte, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 2.34. The company's insiders own 0.74% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 92.7% of Pulte's shares being owned by this investor type.
Institutions Invested in Pulte
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 12% | 24,301,051 | $2,700,818,793 |
| 2024-03-31 | Blackrock Inc. | 10% | 21,917,037 | $2,435,859,478 |
| 2024-03-31 | Franklin Resources, Inc. | 6% | 11,576,006 | $1,286,557,299 |
| 2024-03-31 | State Street Corporation | 5% | 10,658,376 | $1,184,571,902 |
| 2024-03-31 | Greenhaven Associates, Inc. | 3% | 5,670,818 | $630,254,709 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 5,103,202 | $567,169,867 |
| 2024-03-31 | Dimensional Fund Advisors LP | 2% | 5,019,204 | $557,834,329 |
| 2024-03-31 | FMR, LLC | 2% | 4,270,700 | $474,645,595 |
| 2024-03-31 | Invesco Ltd. | 2% | 3,988,940 | $443,330,789 |
| 2024-03-31 | Lsv Asset Management | 2% | 3,714,480 | $412,827,304 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Pulte.
