PulteGroup (PHM) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. 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.
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16 analysts have issued 1 year target prices for PulteGroup's shares. Their PHM share price forecasts range from $50.00 to $110.00. On average, they expect the company's stock price to reach $86.27 in the next twelve months. This suggests a possible upside of 17.8% 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 beginning of the year. Since then, PHM shares have increased by 60.8% and is now trading at $73.21.
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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 quarterly earnings data on Tuesday, July, 25th. The construction company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.52 by $0.69. The construction company had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.01 billion. PulteGroup had a net margin of 16.37% and a trailing twelve-month return on equity of 29.58%. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 earnings per share.
Read the conference call transcript.

PulteGroup declared a quarterly dividend on Wednesday, September 6th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.16 per share on Tuesday, October 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date 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 0.87%. 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 announced that its board has approved a share repurchase plan on Tuesday, April 25th 2023, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board 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."

PulteGroup's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.52%), State Street Corp (4.70%), Dimensional Fund Advisors LP (3.23%), Greenhaven Associates Inc. (2.59%), Geode Capital Management LLC (2.24%) and LSV Asset Management (1.98%). Insiders that own company stock include Brian P Anderson, Brien P O'meara, John J Chadwick, Robert Oshaughnessy, Ryan Marshall and Todd N Sheldon.
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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 $73.21.

PulteGroup (NYSE:PHM) has a market capitalization of $16.07 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.