5 Best Housing Stocks of 2021

4. PulteGroup, Inc. (NYSE: PHM)

Number of Hedge Fund Holders: 42

PulteGroup, Inc. (NYSE:PHM) is the third largest homebuilder company in the U.S., operating in 44 housing markets across 23 states. It is ranked fourth on our list of the 11 best housing stocks of 2021. The stock has returned over 25.07% to investors over the course of the past year.

On July 27, PulteGroup, Inc. (NYSE:PHM) posted earnings for the second quarter of 2021, reporting earnings per share of $1.72, missing estimates by $0.01. The revenue over the period was around $3.36 billion, up 29.52% year-over-year.

At the end of the first quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $1.05 billion in PulteGroup, Inc. (NYSE:PHM), up from 40 the preceding quarter worth $1 billion. Out of the hedge funds being tracked by Insider Monkey, billionaire Ken Griffin’s Citadel Investment Group has increased its stake in PulteGroup, Inc. (NYSE:PHM) in the first quarter of 2021, by 221% to around $176 million, comprising 16.07% of its total 13F portfolio. This stake is the most valuable position in PulteGroup, Inc. (NYSE:PHM) as of the end of the first quarter of 2021.

On July 28, BTIG reiterated a Buy rating on PulteGroup, Inc. (NYSE:PHM) while boosting its price target to $77 from $72. BTIG noted its strong margins as well as the 28% growth of its net new orders in the second quarter of 2021. BTIG also noted the continuation of the strong demand.