PulteGroup (PHM) Stock Price, News & Analysis

15 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 10 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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15 Wall Street research analysts have issued 1 year target prices for PulteGroup's shares. Their PHM share price targets range from $85.00 to $143.00. On average, they anticipate the company's stock price to reach $109.13 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
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PulteGroup's stock was trading at $103.22 at the start of the year. Since then, PHM shares have increased by 8.7% and is now trading at $112.19.
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PulteGroup saw a drop in short interest in March. As of March 31st, there was short interest totaling 4,360,000 shares, a drop of 29.0% from the March 15th total of 6,140,000 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our PHM earnings forecast.

PulteGroup, Inc. (NYSE:PHM) posted its quarterly earnings data on Tuesday, January, 30th. The construction company reported $3.28 earnings per share for the quarter, topping the consensus estimate 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 net margin of 16.20% and a trailing twelve-month return on equity of 25.97%. PulteGroup's revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share.
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PulteGroup announced a quarterly dividend on Thursday, February 1st. Stockholders 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 dividend yield of 0.71%. 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 0.74%. 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), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), Pacer US Cash Cows Growth ETF (BUL) and 2ndVote Life Neutral Plus ETF (LYFE).

PulteGroup declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 30th 2024, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are 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 a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.68%), Allspring Global Investments Holdings LLC (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Wedge Capital Management L L P NC (0.20%), Raymond James & Associates (0.14%) and Compound Global Advisors LLC (0.11%). Insiders that own company stock include Brian P Anderson, Brien P O'meara, John J Chadwick, Robert Oshaughnessy, Ryan Marshall and Todd N Sheldon.
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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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