PulteGroup (NYSE:PHM) Receives Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of PulteGroup (NYSE:PHM - Free Report) in a research report released on Tuesday morning,RTT News reports. Wedbush currently has a $135.00 target price on the construction company's stock. Wedbush also issued estimates for PulteGroup's Q2 2025 earnings at $3.00 EPS, Q3 2025 earnings at $3.11 EPS, Q4 2025 earnings at $3.15 EPS, FY2025 earnings at $11.82 EPS, Q1 2026 earnings at $2.56 EPS, Q2 2026 earnings at $3.15 EPS, Q3 2026 earnings at $3.62 EPS, Q4 2026 earnings at $3.88 EPS and FY2026 earnings at $13.17 EPS.

Several other brokerages have also issued reports on PHM. Bank of America reduced their target price on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. UBS Group increased their price target on PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Oppenheimer decreased their price objective on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Finally, Citigroup reduced their target price on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.69.

PulteGroup Price Performance

Shares of PulteGroup stock traded down $0.87 during midday trading on Tuesday, reaching $101.98. The company had a trading volume of 1,861,826 shares, compared to its average volume of 1,997,955. The stock has a fifty day simple moving average of $101.37 and a 200 day simple moving average of $114.81. PulteGroup has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $20.65 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the previous year, the company posted $3.10 earnings per share. As a group, equities research analysts forecast that PulteGroup will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. PulteGroup's payout ratio is 6.21%.

PulteGroup announced that its board has initiated a stock repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at PulteGroup

In related news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total transaction of $266,125.00. Following the completion of the sale, the director now owns 56,617 shares of the company's stock, valued at approximately $6,026,879.65. The trade was a 4.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the completion of the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,191 shares of company stock worth $2,256,367 over the last 90 days. Company insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHM. Hager Investment Management Services LLC acquired a new position in PulteGroup in the 4th quarter valued at $29,000. Fortitude Family Office LLC grew its holdings in shares of PulteGroup by 74.1% during the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after purchasing an additional 137 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of PulteGroup during the fourth quarter valued at $37,000. TD Waterhouse Canada Inc. increased its holdings in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares during the period. Finally, R Squared Ltd bought a new position in shares of PulteGroup during the fourth quarter worth about $39,000. 89.90% of the stock is owned by institutional investors and hedge funds.

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.