PulteGroup stock slips after Truist cuts its target

Published on 09/16/2026 at 22:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PulteGroup stock closed at USD 119.47 on September 15, 2026, after Truist cut its target to USD 136 from USD 145. Q2 2026 home-sale revenue fell 11% to USD 3.80 billion.

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PulteGroup Inc. (US7458671010) closed at USD 119.47 on September 15, 2026, while Truist Securities cut its price target to USD 136 from USD 145 on September 16, 2026. The stock also traded below its 52-week high of USD 144.50 and above its 52-week low of USD 108.49, with market capitalization at USD 22.392 billion.

Truist trims the target

According to TradingView, Truist Securities cut PulteGroup's target to USD 136 from USD 145 and kept a Buy rating on September 16, 2026. The new target still sat above the last close of USD 119.47, leaving a gap of USD 16.53.

Yahoo Finance showed the shares at USD 119.47 on September 15, 2026, after a prior close of USD 118.68, with volume of 1,405,213 shares and a day range of USD 116.64 to USD 120.46. Its quote page also listed an ex-dividend date of September 15, 2026 and a forward dividend of USD 1.04 a share.

Revenue and orders

MarketBeat said PulteGroup's Q2 2026 home-sale revenue fell 11% year over year to USD 3.80 billion, driven by an 8% drop in closings to 6,997 homes and a 3% decline in average selling price to USD 544,000. In the same item, build-to-order homes represented 45% of new orders in Q2 2026, a mix that still matters for margins.

Barchart said fiscal 2026 earnings are projected to decline 12% to USD 10.07 per share, before a 9.8% rebound to USD 11.06 in fiscal 2027. For investors, that makes the next earnings date on October 22, 2026 the key checkpoint after the latest target cut.

Price stays in range

The stock's last close of USD 119.47 on September 15, 2026 left it 17.3% below the 52-week high of USD 144.50 and 10.1% above the 52-week low of USD 108.49. PulteGroup stock now trades with a market value of USD 22.392 billion as of September 15, 2026.