PulteGroup, Inc. (NYSE:PHM) to Post FY2024 Earnings of $12.56 Per Share, Zacks Research Forecasts

PulteGroup, Inc. (NYSE:PHM - Free Report) - Equities research analysts at Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of PulteGroup in a research note issued to investors on Tuesday, May 7th. Zacks Research analyst A. Gupta anticipates that the construction company will post earnings of $12.56 per share for the year. The consensus estimate for PulteGroup's current full-year earnings is $12.66 per share. Zacks Research also issued estimates for PulteGroup's Q4 2025 earnings at $3.49 EPS, Q1 2026 earnings at $2.92 EPS and FY2026 earnings at $13.29 EPS.

Other equities analysts have also recently issued research reports about the stock. Zelman & Associates raised shares of PulteGroup from a "neutral" rating to an "outperform" rating in a research note on Wednesday, April 24th. StockNews.com raised PulteGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. Citigroup boosted their price objective on PulteGroup from $116.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday, April 5th. The Goldman Sachs Group lifted their target price on PulteGroup from $91.00 to $105.00 and gave the stock a "neutral" rating in a report on Thursday, January 11th. Finally, Raymond James reissued an "outperform" rating and issued a $135.00 price target (up from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.73.

PulteGroup Stock Performance

Shares of NYSE PHM traded up $0.69 during midday trading on Friday, reaching $117.68. 1,580,633 shares of the company traded hands, compared to its average volume of 1,824,514. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.53 and a beta of 1.56. The stock has a 50-day moving average price of $113.20 and a 200 day moving average price of $102.41. PulteGroup has a 52 week low of $65.16 and a 52 week high of $121.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

PulteGroup declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 6.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.68%. PulteGroup's dividend payout ratio (DPR) is presently 6.41%.

Hedge Funds Weigh In On PulteGroup

Several institutional investors and hedge funds have recently bought and sold shares of PHM. Certuity LLC acquired a new position in PulteGroup in the 4th quarter valued at approximately $245,000. Nordea Investment Management AB increased its stake in shares of PulteGroup by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company's stock worth $78,030,000 after acquiring an additional 28,833 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of PulteGroup by 24.9% during the third quarter. Illinois Municipal Retirement Fund now owns 26,341 shares of the construction company's stock worth $1,951,000 after acquiring an additional 5,257 shares in the last quarter. Truist Financial Corp boosted its position in PulteGroup by 248.6% during the fourth quarter. Truist Financial Corp now owns 191,219 shares of the construction company's stock valued at $19,738,000 after purchasing an additional 136,370 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in PulteGroup by 65.0% in the third quarter. American Century Companies Inc. now owns 224,978 shares of the construction company's stock valued at $16,660,000 after purchasing an additional 88,638 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Company Profile

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.