PulteGroup FY2025 EPS Estimate Boosted by Seaport Res Ptn

Key Points

• Seaport Res Ptn has upgraded their FY2025 earnings per share estimate for PulteGroup to $11.18, from a previous estimate of $11.02, maintaining a "Strong-Buy" rating on the stock.
• PulteGroup reported quarterly earnings of $3.03 per share, exceeding analysts' expectations of $2.92, though revenue decreased by 4.3% year-over-year.
• Recent analyst reports show increasing price targets for PulteGroup, with Citigroup setting it at $132.00 and Wells Fargo at $135.00, reflecting a generally positive outlook.

PulteGroup, Inc. (NYSE:PHM - Free Report) - Seaport Res Ptn increased their FY2025 earnings per share estimates for PulteGroup in a research report issued to clients and investors on Tuesday, July 22nd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $11.18 per share for the year, up from their previous estimate of $11.02. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for PulteGroup's current full-year earnings is $12.32 per share.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company posted $3.83 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year.

A number of other research firms have also recently issued reports on PHM. Citigroup upped their price objective on PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday. Wells Fargo & Company increased their price objective on PulteGroup from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday. Wedbush reiterated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Evercore ISI increased their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $134.15.

PulteGroup Price Performance

Shares of NYSE PHM opened at $116.06 on Friday. The firm has a market capitalization of $22.90 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.35 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock's 50-day simple moving average is $105.14 and its two-hundred day simple moving average is $105.03. PulteGroup has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. PulteGroup's dividend payout ratio is currently 6.21%.

Institutional Investors Weigh In On PulteGroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cooper Financial Group grew its stake in shares of PulteGroup by 1.4% during the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company's stock valued at $706,000 after buying an additional 92 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock worth $520,000 after purchasing an additional 100 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Hager Investment Management Services LLC grew its stake in PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company's stock worth $44,000 after purchasing an additional 105 shares in the last quarter. Finally, NDVR Inc. grew its stake in PulteGroup by 6.0% in the fourth quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock worth $216,000 after purchasing an additional 112 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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