Wedbush Weighs in on PulteGroup's Q2 Earnings (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHM - Free Report) - Equities research analysts at Wedbush dropped their Q2 2025 earnings per share (EPS) estimates for PulteGroup in a research note issued on Tuesday, April 22nd. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $3.00 per share for the quarter, down from their previous estimate of $3.19. Wedbush has a "Outperform" rating and a $135.00 price objective on the stock. The consensus estimate for PulteGroup's current full-year earnings is $12.32 per share. Wedbush also issued estimates for PulteGroup's Q3 2025 earnings at $3.11 EPS, FY2025 earnings at $11.82 EPS, Q2 2026 earnings at $3.15 EPS, Q3 2026 earnings at $3.62 EPS and Q4 2026 earnings at $3.88 EPS.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The firm had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same quarter in the previous year, the business posted $3.10 EPS.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group cut their price target on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. UBS Group dropped their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI lifted their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $134.69.

PulteGroup Stock Down 0.4 %

PHM traded down $0.44 during trading hours on Wednesday, hitting $101.44. 618,974 shares of the company's stock were exchanged, compared to its average volume of 1,992,561. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup has a 1-year low of $88.07 and a 1-year high of $149.47. The stock's 50-day moving average is $101.37 and its two-hundred day moving average is $114.65. The stock has a market cap of $20.54 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.29 and a beta of 1.44.

Hedge Funds Weigh In On PulteGroup

Large investors have recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in PulteGroup in the 4th quarter valued at approximately $29,000. Fortitude Family Office LLC lifted 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 period. Ameriflex Group Inc. bought a new stake in shares of PulteGroup in the fourth quarter worth $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 PulteGroup during the 4th quarter worth $39,000. 89.90% of the stock is currently owned by institutional investors.

Insider Activity at PulteGroup

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

PulteGroup declared that its board has approved a share buyback program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. PulteGroup's dividend payout ratio is 6.21%.

About PulteGroup

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.