15 Small-Cap Construction and Materials Stocks Hedge Funds Are Buying

8. PulteGroup Inc. (NYSE:PHM)

Market Capitalization as of April 28: $20.41 billion

Number of Hedge Fund Holders: 40

PulteGroup Inc. (NYSE:PHM) engages in the homebuilding business in the US. It acquires and develops land primarily for residential purposes and constructs housing on such land. It also offers various home designs, such as single-family detached, townhomes, condominiums, and duplexes under different brand names.

The company’s Homebuilding Operations closed 6,583 homes in Q1 2025, which was a 7% decrease year-over-year due to a deliberate adjustment in start pace to manage spec inventory. However, this was offset by a 6% increase in the average sales price to $570,000, which resulted in home sale revenues of $3.7 billion. This was down only 2% year-over-year.

Net new orders totaled 7,765 homes, which also dropped by 7% due to a 10% decrease in net new orders per store. This was again offset by a 3% increase in average community count to 961. The cancellation rate remained relatively stable at 11%. PulteGroup Inc. (NYSE:PHM) now anticipates delivering between 7,400 and 7,800 closings in Q2 and between 29,000 and 30,000 closings for the full year 2025.