PulteGroup (NYSE:PHM) Upgraded at Truist Financial

Truist Financial upgraded shares of PulteGroup (NYSE:PHM) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also weighed in on the company. Barclays set a $115.00 price objective on PulteGroup in a report on Monday, December 8th. Wall Street Zen upgraded PulteGroup from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Citigroup boosted their target price on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Evercore raised their price target on shares of PulteGroup from $134.00 to $143.00 in a research report on Friday, January 30th. Finally, UBS Group dropped their price objective on shares of PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Stock Down 2.1%

Shares of NYSE:PHM opened at $129.44 on Tuesday. The firm has a market cap of $24.90 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. The company has a fifty day simple moving average of $130.42 and a 200 day simple moving average of $127.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup has a 12-month low of $88.07 and a 12-month high of $144.49.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s payout ratio is presently 9.35%.

Insider Buying and Selling

In other news, COO Matthew William Koart sold 15,309 shares of PulteGroup stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the sale, the chief operating officer owned 42,418 shares of the company’s stock, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan Marshall sold 111,250 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total value of $14,891,925.00. Following the transaction, the insider owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This represents a 14.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 149,952 shares of company stock valued at $20,162,165 in the last ninety days. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PHM. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup during the 4th quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of PulteGroup in the second quarter valued at approximately $32,000. DV Equities LLC acquired a new position in shares of PulteGroup during the fourth quarter valued at approximately $32,000. Lloyd Advisory Services LLC. bought a new stake in PulteGroup during the fourth quarter worth approximately $33,000. Finally, Rexford Capital Inc. bought a new position in PulteGroup during the 2nd quarter valued at $35,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup News Roundup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Truist initiated coverage and upgraded PulteGroup to a strong-buy / buy with a $170 price target, signaling institutional bullishness and suggesting ~30% upside from current levels — this can attract investors and support the stock. PulteGroup (PHM) Has a New Rating from Truist Financial
• Positive Sentiment: PulteGroup signed a new builder relationship with The St. Joe Company to develop homesites in two gated communities in Northwest Florida — adds near-term sales visibility and community-level inventory for PHM. The St. Joe Company Announces New Builder Relationship With National Home Builder PulteGroup
• Positive Sentiment: Unusually large options activity: nearly 10k call contracts traded (roughly a 1,498% jump vs. typical volume), indicating short-term bullish positioning by some options traders and potential catalyst-driven speculation.
• Negative Sentiment: Industry pressure from rising mortgage rates and softer demand: a Barron’s piece highlights that higher rates and falling pending/closed sales are pressuring builder stocks broadly — a macro headwind that can weigh on PHM’s near-term sales and margins. Higher Mortgage Rates, Fewer Sales Hit Builder Stocks. The Next Few Weeks Will Be Crucial.
• Negative Sentiment: Market reaction: coverage notes and market reports point out that PHM pulled back more than the broader market in the latest session, reflecting investor caution amid the macro backdrop and near-term data. PulteGroup (PHM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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.