Wells Fargo Lifts PT on PulteGroup (PHM) Stock

PulteGroup, Inc. (NYSE:PHM) is one of the Best Housing Stocks to Buy According to Hedge Funds. On September 2, Wells Fargo lifted the price target on the company’s stock to $150 from $135, while keeping an “Overweight” rating, as reported by The Fly. Notably, the firm adjusted price targets in the homebuilding group, highlighting that the investors have been pricing in some forward optimism on interest rates while generalists are doing more work on the group. The firm increased valuations throughout the board after the recent re-rating of the stocks.

PulteGroup, Inc. (NYSE:PHM) delivered healthy financial results in Q2 2025, with its disciplined business practices enabling it to navigate the current highly competitive homebuilding environment. PulteGroup, Inc. (NYSE:PHM) achieved Q2 2025 earnings of $3.03 per share, as it closed 7,639 homes while driving strong gross and operating margins of 27.0% and 17.9%, respectively. At quarter’s end, its backlog stood at 10,779 homes with a value of $6.8 billion.

PulteGroup, Inc. (NYSE:PHM) is engaged in the homebuilding business.

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Disclosure: None. This article is originally published at Insider Monkey.