PulteGroup (NYSE:PHM) Price Target Lowered to $128.00 at Citigroup

PulteGroup (NYSE:PHM) had its price objective reduced by Citigroup from $135.00 to $128.00 in a research note released on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

PHM has been the subject of a number of other research reports. Citizens Jmp began coverage on shares of PulteGroup in a report on Wednesday. They issued a “market outperform” rating and a $145.00 price objective for the company. Barclays set a $115.00 price target on shares of PulteGroup in a research report on Monday, December 8th. Wall Street Zen downgraded PulteGroup from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of PulteGroup in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. upped their target price on PulteGroup from $136.00 to $149.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.00.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $123.12 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.95 and a beta of 1.33. The stock’s fifty day moving average price is $121.34 and its two-hundred day moving average price is $122.46. PulteGroup has a one year low of $88.07 and a one year high of $142.11.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the business posted $3.35 earnings per share. PulteGroup’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that PulteGroup will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio (DPR) is 8.01%.

Hedge Funds Weigh In On PulteGroup

A number of institutional investors have recently modified their holdings of the business. Private Wealth Management Group LLC raised its holdings in PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in PulteGroup in the 2nd quarter valued at approximately $32,000. Rexford Capital Inc. acquired a new position in PulteGroup in the 2nd quarter valued at approximately $35,000. Fulcrum Asset Management LLP bought a new position in shares of PulteGroup during the third quarter valued at $47,000. Finally, True Wealth Design LLC lifted its holdings in shares of PulteGroup by 229.6% during the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after purchasing an additional 248 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

More PulteGroup News

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Citizens JMP initiated coverage with a “Market Outperform” rating and a $145 price target (about a 17.8% upside vs. the prior reference price), giving investors fresh buy-side research to justify buying. Citizens Initiates Coverage
• Positive Sentiment: Unusually large options activity: roughly 9,941 call contracts were bought (a ~1,498% jump vs. average), signaling short-term bullish speculative interest or hedging by institutional players. Investors Purchase High Volume of Call Options on PulteGroup
• Positive Sentiment: Barron’s notes homebuilders have started the year with momentum and continued demand for housing supports the sector — a tailwind for PHM if incentives and buyer interest persist. Home Builder Stocks Are Off to a Good Start
• Positive Sentiment: Long-term performance highlight: investors who bought PHM five years ago are up substantially (reported ~198%), which can support investor confidence and narrative around durable returns. Five-Year Returns
• Neutral Sentiment: Zacks published an overview noting Wall Street bulls are optimistic on PHM; analyst commentary can move flows but is descriptive rather than presenting new fundamental changes. Zacks: Wall Street Bulls Look Optimistic
• Neutral Sentiment: Sector teardown and comparisons (Globe & Mail) and general market write-ups explain PHM’s positioning vs peers but do not introduce a clear one-way catalyst. Home Builders Stocks Q3 Teardown
• Negative Sentiment: Citigroup reduced its price target from $135 to $128 and moved to a “Neutral” rating — a more conservative view that can cap upside for traders focused on sell-side targets. Citigroup Lowers Price Target
• Negative Sentiment: Wells Fargo lowered expectations for PHM, adding downward analyst pressure and countering some of the bullish initiation and option-flow optimism. Wells Fargo Lowers Expectations

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.