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PulteGroup stock rises as investors look past weaker Q3 results to backlog growth and buybacks

Investivoq PriceTracker

PulteGroup (PHM) is up 5.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the company’s third-quarter update, where investors may have focused less on year-over-year earnings pressure and more on resilient margins, a larger backlog, and another sizable round of share repurchases. This could also be because housing-related sentiment got some help from a modest pullback in mortgage rates, which can improve expectations for builder demand. ([marketscreener.com](https://www.marketscreener.com/news/pultegroup-reports-third-quarter-2026-financial-results-ce785cded988f325))

Details:

  • PulteGroup reported third-quarter earnings of $2.53 per share, with home sale revenues of $3.9 billion and 6,876 closings, all below the prior-year period but still showing the business remained profitable in a difficult rate environment. ([marketscreener.com](https://www.marketscreener.com/news/pultegroup-reports-third-quarter-2026-financial-results-ce785cded988f325))
  • Backlog increased 4% to 10,298 homes, while backlog value rose 3% to $6.4 billion, suggesting future deliveries held up better than many investors may have feared. ([marketscreener.com](https://www.marketscreener.com/news/pultegroup-reports-third-quarter-2026-financial-results-ce785cded988f325))
  • The company repurchased $350 million of stock during the quarter and ended the period with $1.4 billion of cash and a 12% debt-to-capital ratio, reinforcing its capital-return story and balance-sheet flexibility. ([marketscreener.com](https://www.marketscreener.com/news/pultegroup-reports-third-quarter-2026-financial-results-ce785cded988f325))
  • The average 30-year U.S. mortgage rate eased to 7.32% this week, a small but potentially supportive macro backdrop for homebuilder shares. ([apnews.com](https://apnews.com/article/204f5d642d88ab55992a6f0e9ccbe8e9?utm_source=openai))

    • Sources:

    PulteGroup, SEC, AP News ([marketscreener.com](https://www.marketscreener.com/news/pultegroup-reports-third-quarter-2026-financial-results-ce785cded988f325))

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $PHM Insider Trading Activity

    PHM Insider Trades

    $PHM insiders have traded $PHM stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $PHM stock by insiders over the last 6 months:

    • MATTHEW WILLIAM KOART (Exec. VP & COO) sold 7,457 shares for an estimated $894,840

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $PHM Hedge Fund Activity

    We have seen 461 institutional investors add shares of $PHM stock to their portfolio, and 498 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • PRICE T ROWE ASSOCIATES INC /MD/ removed 1,909,508 shares (-34.8%) from their portfolio in Q2 2026, for an estimated $262,003,592
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,478,774 shares (+inf%) to their portfolio in Q2 2026, for an estimated $202,902,580
    • FIRST TRUST ADVISORS LP removed 1,151,785 shares (-26.7%) from their portfolio in Q2 2026, for an estimated $158,036,419
    • JPMORGAN CHASE & CO added 1,095,171 shares (+inf%) to their portfolio in Q2 2026, for an estimated $150,268,412
    • PACER ADVISORS, INC. added 894,118 shares (+inf%) to their portfolio in Q2 2026, for an estimated $122,681,930
    • CAPITAL RESEARCH GLOBAL INVESTORS added 855,457 shares (+inf%) to their portfolio in Q2 2026, for an estimated $117,377,254
    • NUVEEN, LLC added 696,783 shares (+49.4%) to their portfolio in Q2 2026, for an estimated $95,605,595

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.