PulteGroup (NYSE:PHM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

PulteGroup (NYSE:PHM) had its price objective raised by investment analysts at The Goldman Sachs Group from $133.00 to $142.00 in a report released on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 11.16% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Citigroup lifted their price objective on PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company increased their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America lowered their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of PulteGroup in a research note on Thursday, March 12th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.71.

PulteGroup Trading Down 2.2%

NYSE:PHM opened at $127.74 on Friday. The company has a 50-day moving average price of $125.57 and a 200-day moving average price of $124.66. The stock has a market cap of $24.47 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. PulteGroup has a 12 month low of $95.20 and a 12 month high of $144.49.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. PulteGroup’s quarterly revenue was down 12.4% compared to the same quarter last year. Equities analysts predict that PulteGroup will post 10.07 EPS for the current year.

PulteGroup announced that its board has approved a share buyback plan on Thursday, April 23rd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Todd N. Sheldon sold 14,220 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the completion of the sale, the executive vice president owned 69,753 shares in the company, valued at approximately $9,417,352.53. This trade represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin A. Henry sold 5,173 shares of PulteGroup stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total value of $729,548.19. Following the sale, the executive vice president directly owned 14,673 shares in the company, valued at $2,069,333.19. This trade represents a 26.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 149,952 shares of company stock valued at $20,162,165. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On PulteGroup

Several large investors have recently made changes to their positions in the company. Rachor Investment Advisory Services LLC purchased a new stake in shares of PulteGroup in the fourth quarter worth about $31,000. Private Wealth Management Group LLC boosted its stake in PulteGroup by 281.7% during the third 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. DV Equities LLC purchased a new position in PulteGroup during the 4th quarter valued at approximately $32,000. HHM Wealth Advisors LLC grew its holdings in PulteGroup by 158.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in PulteGroup in the 4th quarter worth approximately $33,000. 89.90% of the stock is owned by institutional investors.

Trending Headlines about PulteGroup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: PulteGroup’s board approved a $1.5 billion increase to its share repurchase authorization (bringing total authorization to $2.1 billion), enabling repurchases of roughly 6.1% of shares — a capital-return move that often supports the stock. PulteGroup Announces $1.5 Billion Increase to Share Repurchase Authorization
• Positive Sentiment: Evercore raised its price target to $151 and maintained an “outperform” rating — the most bullish lift among recent analyst moves and implies material upside from current levels. Evercore price target lift to $151
• Neutral Sentiment: Goldman Sachs and Citigroup both nudged up price targets (to $142 and $138, respectively) but kept “neutral” ratings — modestly constructive but not a clear buy signal. Goldman Sachs PT raise Citigroup PT raise
• Neutral Sentiment: Analyst and media coverage digging into Q1 results, valuation and the expanded buyback (slides, call transcript, and valuation pieces) may shape investor views but provide mixed signals rather than a clear directional catalyst. Earnings presentation
• Negative Sentiment: Q1 results: EPS of $1.79 missed consensus by $0.01 and fell sharply from $2.57 a year ago; revenue of $3.41B was roughly in line but down 12.4% YoY — a sign of continued demand softness. Q1 results and transcript
• Negative Sentiment: Margins compressed as incentives rose to stimulate sales in a stagnant market; coverage highlights falling selling prices and higher incentives, which weigh on near-term profitability. WSJ: lower profit
• Negative Sentiment: Multiple outlets and analyst notes flagged the earnings miss and continued pressure on closings and selling prices — a primary reason the stock is trading down despite the buyback boost. Seeking Alpha: earnings miss

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.