PulteGroup FY2025 EPS Forecast Boosted by Seaport Res Ptn

PulteGroup, Inc. (NYSE:PHM) – Stock analysts at Seaport Res Ptn increased their FY2025 EPS estimates for PulteGroup in a research report issued to clients and investors on Tuesday, July 22nd. Seaport Res Ptn analyst K. Zener now expects that the construction company will earn $11.18 per share for the year, up from their previous forecast of $11.02. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for PulteGroup’s current full-year earnings is $12.32 per share.

PHM has been the topic of several other reports. Oppenheimer lifted their price target on shares of PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a report on Wednesday. Raymond James Financial reissued an “outperform” rating and set a $140.00 target price (up from $115.00) on shares of PulteGroup in a report on Wednesday. Evercore ISI boosted their target price on shares of PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Finally, Barclays reduced their target price on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.15.

PulteGroup Trading Up 0.4%

Shares of PulteGroup stock opened at $116.45 on Friday. The firm has a market capitalization of $22.98 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.34 and a beta of 1.29. The company has a current ratio of 0.77, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $105.38 and its 200 day moving average is $105.09. PulteGroup has a 1 year low of $88.07 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the firm posted $3.83 EPS. PulteGroup’s revenue was down 4.3% compared to the same quarter last year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.76%. PulteGroup’s payout ratio is 6.58%.

Institutional Trading of PulteGroup

Several institutional investors and hedge funds have recently made changes to their positions in PHM. Norges Bank purchased a new stake in shares of PulteGroup in the fourth quarter valued at about $427,562,000. Nuveen LLC purchased a new stake in PulteGroup during the first quarter worth about $213,092,000. Pacer Advisors Inc. increased its holdings in PulteGroup by 2,586.8% during the first quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company’s stock worth $119,958,000 after buying an additional 1,123,471 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in PulteGroup by 40.3% during the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock worth $358,395,000 after buying an additional 1,001,290 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in PulteGroup by 219.2% during the first quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company’s stock worth $106,820,000 after buying an additional 713,534 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

About PulteGroup

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.