PulteGroup (PHM) Stock Price, News & Analysis

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PHM shares.
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13 Wall Street research analysts have issued 1 year price targets for PulteGroup's shares. Their PHM share price targets range from $85.00 to $136.00. On average, they predict the company's share price to reach $106.47 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
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PulteGroup's stock was trading at $103.22 at the beginning of the year. Since then, PHM stock has increased by 2.3% and is now trading at $105.61.
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PulteGroup saw a decline in short interest in March. As of March 31st, there was short interest totaling 4,360,000 shares, a decline of 29.0% from the March 15th total of 6,140,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.1% of the company's stock are sold short.
View PulteGroup's Short Interest.

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

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.

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

PulteGroup announced a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 15th will be paid 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 0.76%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for PHM.

PulteGroup (NYSE:PHM) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.75%. 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 6.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHM.

ETFs with the largest weight of PulteGroup (NYSE:PHM) stock in their portfolio include iShares U.S. Home Construction ETF (ITB), Invesco Building & Construction ETF (PKB), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), SPDR S&P Homebuilders ETF (XHB), The Acquirers Fund (ZIG), Pinnacle Focused Opportunities ETF (FCUS), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

PulteGroup announced that its board has approved a stock buyback program on Tuesday, January 30th 2024, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

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.

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).

PulteGroup's stock is owned by many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.68%), Allspring Global Investments Holdings LLC (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), State of Michigan Retirement System (0.04%), Oliver Luxxe Assets LLC (0.03%) and BTC Capital Management Inc. (0.03%). 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.

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.
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