Navigating Potential Headwinds for Pulte Stock

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.