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NYSE:PHM

PulteGroup (PHM) Stock Price, News & Analysis

$119.91
+1.90 (+1.61%)
(As of 10:46 AM ET)
Today's Range
$118.09
$120.06
50-Day Range
$101.45
$116.45
52-Week Range
$56.63
$120.06
Volume
174,324 shs
Average Volume
1.80 million shs
Market Capitalization
$25.30 billion
P/E Ratio
10.21
Dividend Yield
0.67%
Price Target
$104.87

PulteGroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
11.6% Downside
$104.87 Price Target
Short Interest
Healthy
2.92% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.84mentions of PulteGroup in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$206,180 Sold Last Quarter
Proj. Earnings Growth
7.56%
From $11.77 to $12.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Construction Sector

3rd out of 103 stocks

Operative Builders Industry

2nd out of 17 stocks

PHM stock logo

About PulteGroup Stock (NYSE:PHM)

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.

PHM Stock Price History

PHM Stock News Headlines

3 Stocks With Unusual Call Option Activity (PHM)
Three stocks reported rising call option buying activity could see even higher prices soon. Analysts see the writing on the wall, and traders stampeded in
PulteGroup Inc
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PulteGroup Sees Unusually Large Options Volume (NYSE:PHM)
PHM Mar 2024 116.000 call
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PHM Mar 2024 102.000 put
PHM Dec 2025 85.000 put
PHM Mar 2024 119.000 call
PHM Mar 2024 117.000 call
The Prognosis For PulteGroup
See More Headlines
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Company Calendar

Ex-Dividend for 1/3 Dividend
12/18/2023
Dividend Payable
1/03/2024
Last Earnings
1/30/2024
Ex-Dividend for 4/2 Dividend
3/14/2024
Today
3/27/2024
Dividend Payable
4/02/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
74586710
Employees
6,382
Year Founded
1950

Price Target and Rating

Average Stock Price Target
$104.87
High Stock Price Target
$126.00
Low Stock Price Target
$85.00
Potential Upside/Downside
-11.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$2.60 billion
Pretax Margin
21.48%

Debt

Sales & Book Value

Annual Sales
$16.06 billion
Cash Flow
$12.90 per share
Book Value
$48.95 per share

Miscellaneous

Free Float
210,351,000
Market Cap
$24.90 billion
Optionable
Optionable
Beta
1.56

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Key Executives

Should I Buy PulteGroup Stock? PHM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of PulteGroup was last updated on Tuesday, March 26, 2024 at 10:32 PM.

Pros

Here are some ways that investors could benefit from investing in PulteGroup, Inc.:

  • PulteGroup, Inc. has shown consistent growth in its revenue and earnings over the past year, indicating a strong financial performance.
  • The company has a solid track record of delivering shareholder value through dividends and share buybacks, providing potential returns to investors.
  • Recent market trends suggest a positive outlook for the housing sector, which could benefit PulteGroup, Inc. as a leading home construction company.
  • PulteGroup, Inc.'s stock price has been on an upward trajectory, reflecting investor confidence and potential for capital appreciation.
  • The company's strategic partnerships and acquisitions have positioned it well for future growth opportunities in the real estate market.

Cons

Investors should be bearish about investing in PulteGroup, Inc. for these reasons:

  • The housing market is susceptible to economic downturns, which could impact PulteGroup, Inc.'s revenue and profitability.
  • Increased competition in the homebuilding industry may put pressure on PulteGroup, Inc.'s market share and margins.
  • Fluctuations in interest rates could affect the affordability of mortgages, potentially impacting the demand for new homes.
  • Regulatory changes in the real estate sector could introduce uncertainties and compliance costs for PulteGroup, Inc.
  • Market volatility and macroeconomic factors may influence the overall performance of PulteGroup, Inc.'s stock in the short term.

PHM Stock Analysis - Frequently Asked Questions

Should I buy or sell PulteGroup stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PHM shares.
View PHM analyst ratings
or view top-rated stocks.

What is PulteGroup's stock price target for 2024?

14 brokers have issued 1 year price objectives for PulteGroup's shares. Their PHM share price targets range from $85.00 to $126.00. On average, they expect the company's share price to reach $104.87 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
View analysts price targets for PHM
or view top-rated stocks among Wall Street analysts.

How have PHM shares performed in 2024?

PulteGroup's stock was trading at $103.22 at the beginning of the year. Since then, PHM stock has increased by 14.9% and is now trading at $118.58.
View the best growth stocks for 2024 here
.

Are investors shorting PulteGroup?

PulteGroup saw a increase in short interest in February. As of February 15th, there was short interest totaling 5,100,000 shares, an increase of 29.1% from the January 31st total of 3,950,000 shares. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.4% of the company's stock are short sold.
View PulteGroup's Short Interest
.

When is PulteGroup's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our PHM earnings forecast
.

How can I listen to PulteGroup's earnings call?

PulteGroup will be holding an earnings conference call on Tuesday, April 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were PulteGroup's earnings last quarter?

PulteGroup, Inc. (NYSE:PHM) announced its quarterly earnings data on Tuesday, January, 30th. The construction company reported $3.28 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.07. The construction company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.47 billion. PulteGroup had a net margin of 16.20% and a trailing twelve-month return on equity of 25.97%. The company's revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.63 EPS.
Read the conference call transcript
.

How often does PulteGroup pay dividends? What is the dividend yield for PulteGroup?

PulteGroup announced a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 15th will be given a dividend of $0.20 per share on Tuesday, April 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for PHM
.

Is PulteGroup a good dividend stock?

PulteGroup (NYSE:PHM) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.69%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 6.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 6.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHM.

How will PulteGroup's stock buyback program work?

PulteGroup declared that its Board of Directors has approved a stock buyback program on Tuesday, January 30th 2024, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

What is Ryan R. Marshall's approval rating as PulteGroup's CEO?

29 employees have rated PulteGroup Chief Executive Officer Ryan R. Marshall on Glassdoor.com. Ryan R. Marshall has an approval rating of 95% among the company's employees. This puts Ryan R. Marshall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of PulteGroup own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PulteGroup investors own include Bank of America (BAC), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Intel (INTC), Alibaba Group (BABA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Netflix (NFLX) and D.R. Horton (DHI).

Who are PulteGroup's major shareholders?

PulteGroup's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.69%), Vanguard Group Inc. (11.69%), Putnam Investments LLC (5.19%), Dimensional Fund Advisors LP (2.70%), Greenhaven Associates Inc. (2.66%) and LSV Asset Management (1.80%). Insiders that own company stock include Brian P Anderson, Brien P O'meara, John J Chadwick, Robert Oshaughnessy, Ryan Marshall and Todd N Sheldon.
View institutional ownership trends
.

How do I buy shares of PulteGroup?

Shares of PHM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does PulteGroup have any subsidiaries?
The following companies are subsidiares of PulteGroup: American West, Centex Construction Of New Mexico LLC, Centex Development Company L.P., Centex Homes, Centex Homes LLC, Centex International II LLC, Centex LLC, Centex Real Estate Company LLC, Contractors Insurance Company of North America Inc., DW Homebuilding Co., Dean Realty Company, Del Webb California Corp., Del Webb Communities Inc., Del Webb Communities of Illinois Inc., Del Webb Corporation, Del Webb Home Construction Inc., Del Webb Limited Holding Co., Del Webb Texas Limited Partnership, Del Webb's Coventry Homes Inc., DiVosta Building LLC, DiVosta Homes Holdings LLC, DiVosta Homes L.P., Innovative Construction Group, Nomas LLC, North American Builders Indemnity Company, PH 19 Corporation, PH 43 LLC, PH 55 LLC, PH1 Corporation, PHNE Business Trust, PN II Inc., Potomac Yard Development LLC, Preserve II Inc., Pulte Arizona Services Inc., Pulte Development Corporation, Pulte Development New Mexico Inc., Pulte Diversified Company LLC, Pulte Home Company LLC, Pulte Home Corporation of The Delaware Valley, Pulte Homes Tennessee Inc., Pulte Homes Tennessee Limited Partnership, Pulte Homes of California Inc., Pulte Homes of Indiana LLC, Pulte Homes of Michigan LLC, Pulte Homes of Minnesota LLC, Pulte Homes of NJ Limited Partnership, Pulte Homes of New England LLC, Pulte Homes of New Mexico Inc., Pulte Homes of New York LLC, Pulte Homes of Ohio LLC, Pulte Homes of PA Limited Partnership, Pulte Homes of Texas L.P., Pulte Homes of Washington Inc., Pulte Interiors LLC, Pulte Land Company LLC, Pulte Mortgage LLC, Pulte Nevada I LLC, Pulte Payroll Corporation, Pulte Purchasing Corporation, Pulte Realty Holding Company LLC, Pulte Realty Limited Partnership, Pulte Texas Holdings LLC, Pulte/BP Murrieta Hills LLC, RN Acquisition 2 Corp., and Terravita Home Construction Co..
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This page (NYSE:PHM) was last updated on 3/28/2024 by MarketBeat.com Staff

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