PulteGroup (PHM) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PHM shares.
View PHM analyst ratings or view top-rated stocks.

16 brokers have issued 1-year price objectives for PulteGroup's stock. Their PHM share price forecasts range from $50.00 to $110.00. On average, they predict the company's stock price to reach $86.27 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for PHM or view top-rated stocks among Wall Street analysts.

PulteGroup's stock was trading at $45.53 at the start of the year. Since then, PHM shares have increased by 62.6% and is now trading at $74.05.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our PHM earnings forecast.

PulteGroup will be holding an earnings conference call on Tuesday, October 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

PulteGroup, Inc. (NYSE:PHM) announced its earnings results on Tuesday, July, 25th. The construction company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.69. The construction company earned $4.19 billion during the quarter, compared to analysts' expectations of $4.01 billion. PulteGroup had a trailing twelve-month return on equity of 29.58% and a net margin of 16.37%. PulteGroup's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.73 EPS.
Read the conference call transcript.

PulteGroup declared a quarterly dividend on Wednesday, September 6th. Stockholders of record on Monday, September 18th will be given a dividend of $0.16 per share on Tuesday, October 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, September 15th.
Read our dividend analysis for PHM.

ETFs with the largest weight of PulteGroup (NYSE:PHM) stock in their portfolio include iShares U.S. Home Construction ETF (ITB), Invesco Building & Construction ETF (PKB), Adaptiv Select ETF (ADPV), SPDR S&P Homebuilders ETF (XHB), VictoryShares Free Cash Flow ETF (VFLO), Pinnacle Focused Opportunities ETF (FCUS), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL).

PulteGroup (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 0.86%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 5.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 5.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHM.

PulteGroup declared that its board has authorized a stock repurchase plan on Tuesday, April 25th 2023, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

29 employees have rated PulteGroup Chief Executive Officer Ryan R. Marshall on Glassdoor.com. Ryan R. Marshall has an approval rating of 95% among the company's employees. This puts Ryan R. Marshall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other PulteGroup investors own include Bank of America (BAC), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Intel (INTC), Alibaba Group (BABA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Netflix (NFLX) and D.R. Horton (DHI).

PulteGroup trades on the New York Stock Exchange (NYSE) under the ticker symbol "PHM."

Shares of PHM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PHM stock can currently be purchased for approximately $74.05.

PulteGroup (NYSE:PHM) has a market capitalization of $16.25 billion and generates $16.23 billion in revenue each year. The construction company earns $2.62 billion in net income (profit) each year or $12.10 on an earnings per share basis.

The company employs 6,524 workers across the globe.

PulteGroup's mailing address is 3350 PEACHTREE ROAD NORTHEAST SUITE 150, ATLANTA GA, 30326. The official website for the company is www.pultegroupinc.com. The construction company can be reached via phone at (404) 978-6400, via email at jim.zeumer@pultegroup.com, or via fax at 248-433-4598.