Seaport Res Ptn Forecasts Stronger Earnings for PulteGroup

Key Points

• Seaport Res Ptn raised its FY2025 earnings estimate for PulteGroup to $11.24 per share, up from $11.18, maintaining a "Strong-Buy" rating on the stock.
• PulteGroup reported quarterly earnings of $2.96 per share, surpassing analyst expectations of $2.86, with a revenue of $4.40 billion, slightly above the consensus estimate of $4.31 billion.
• Institutional investors hold 89.90% of PulteGroup's stock, indicating strong interest from hedge funds and other institutional investors in the construction company.

PulteGroup, Inc. (NYSE:PHM - Free Report) - Research analysts at Seaport Res Ptn raised their FY2025 earnings estimates for shares of PulteGroup in a note issued to investors on Tuesday, October 21st. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings per share of $11.24 for the year, up from their prior estimate of $11.18. Seaport Res Ptn currently 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 announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.77%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the firm earned $3.35 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Evercore ISI reduced their price objective on shares of PulteGroup from $154.00 to $134.00 and set an "in-line" rating on the stock in a research report on Wednesday. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Oppenheimer increased their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of PulteGroup in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $133.67.

PulteGroup Stock Down 2.6%

Shares of NYSE:PHM opened at $120.10 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup has a 12 month low of $88.07 and a 12 month high of $142.11. The company has a 50-day moving average price of $130.67 and a 200 day moving average price of $114.06. The company has a market cap of $23.70 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.36 and a beta of 1.29.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup's dividend payout ratio (DPR) is 6.58%.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC lifted its stake in shares of PulteGroup by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company's stock worth $304,000 after buying an additional 78 shares during the period. Fidelis Capital Partners LLC lifted its stake in shares of PulteGroup by 1.0% during the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company's stock worth $924,000 after buying an additional 85 shares during the period. Apella Capital LLC lifted its stake in shares of PulteGroup by 4.2% during the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company's stock worth $268,000 after buying an additional 87 shares during the period. Cooper Financial Group lifted 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 worth $706,000 after buying an additional 92 shares during the period. Finally, CWM LLC lifted its stake in shares of PulteGroup by 0.6% during the third quarter. CWM LLC now owns 14,308 shares of the construction company's stock worth $1,890,000 after buying an additional 92 shares during the period. 89.90% of the stock is 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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