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NYSE:PHM

PulteGroup (PHM) Stock Price, News & Analysis

$105.74
+1.06 (+1.01%)
(As of 02/23/2024 ET)
Today's Range
$105.12
$106.83
50-Day Range
$100.32
$109.24
52-Week Range
$52.24
$110.75
Volume
996,898 shs
Average Volume
1.82 million shs
Market Capitalization
$22.43 billion
P/E Ratio
9.01
Dividend Yield
0.76%
Price Target
$102.31

PulteGroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.6% Downside
$102.31 Price Target
Short Interest
Healthy
1.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.93mentions of PulteGroup in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$206,180 Sold Last Quarter
Proj. Earnings Growth
7.56%
From $11.77 to $12.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Construction Sector

3rd out of 101 stocks

Operative Builders Industry

2nd out of 17 stocks


PHM stock logo

About PulteGroup Stock (NYSE:PHM)

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. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.

PHM Stock Price History

PHM Stock News Headlines

Bears covered shorts on this ETF, 3 stocks to pop on the shift
Whenever traders move their money in a big way, it often pays to follow their tracks and reverse engineer what happened that caused them to shift in or out of that space. Today, the tools at MarketBeat have caught a major shift in sentiment and capital out of an ETF (exchange-traded fund) that also happens to represent a key economic indicator.
Bears covered shorts on this ETF, 3 stocks to pop on the shift (PHM)
Bears have ditched their short positions on this ETF, admitting that they too see a bull case for the economy, and these are the stocks to get paid first
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
Higher VIX just made Realty Income’s 6% dividend better (PHM)
Realty Income stock could soon attract a new flow of investors, the same ones that just booked a 50% profit on this other REIT, finding more safety here.
Wayfair stock's 40% upside: The growth story in the industry (PHM)
The new trends in the real estate market - the ones that hooked Buffett - are the same ones making Wayfair stock one of the easiest choices for your portfolio
PulteGroup can set a new high in 2024
PulteGroup had a tough quarter, but cash flow is robust, and there is a return to growth at hand, so this stock can easily set new highs in 2024
Building momentum: Homebuilder sector primed for breakout
Demand for new homes rises amidst inventory shortage, while the sector's ETF shows bullish consolidation near its 52-week high, signaling a potential breakout.
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
Investors Buy Large Volume of PulteGroup Call Options (NYSE:PHM)
PulteGroup Stock (NYSE:PHM) Insider Trades
PulteGroup (NYSE:PHM) Stock Rating Lowered by StockNews.com
PHM Apr 2024 97.500 put
PulteGroup (NYSE:PHM) Rating Increased to Buy at StockNews.com
PHM Sep 2024 85.000 put
PHM Feb 2024 91.000 put
Decoding PulteGroup Inc (PHM): A Strategic SWOT Insight
5 Dividend Growth Stocks to Buy for a Safe Portfolio
See More Headlines
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Company Calendar

Ex-Dividend for 1/3 Dividend
12/18/2023
Dividend Payable
1/03/2024
Last Earnings
1/30/2024
Today
2/23/2024
Ex-Dividend for 4/2 Dividend
3/14/2024
Dividend Payable
4/02/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
74586710
Employees
6,382
Year Founded
1950

Price Target and Rating

Average Stock Price Target
$102.31
High Stock Price Target
$126.00
Low Stock Price Target
$64.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$2.60 billion
Pretax Margin
21.48%

Debt

Sales & Book Value

Annual Sales
$16.06 billion
Cash Flow
$12.98 per share
Book Value
$48.95 per share

Miscellaneous

Free Float
210,351,000
Market Cap
$22.55 billion
Optionable
Optionable
Beta
1.56

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Key Executives

Should I Buy PulteGroup Stock? PHM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of PulteGroup was last updated on Thursday, February 22, 2024 at 8:31 PM.

Pros

Here are some ways that investors could benefit from investing in PulteGroup, Inc.:

  • PulteGroup, Inc. has shown consistent growth in revenue and profitability over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of returning value to shareholders through dividends and share buybacks, providing potential income for investors.
  • PulteGroup, Inc. has a strong market position in the homebuilding industry, benefiting from the current housing market boom.
  • The current stock price of PulteGroup, Inc. is undervalued compared to its peers, presenting a potential buying opportunity for investors.
  • The company's strategic focus on innovation and sustainability in home construction could lead to long-term competitive advantages and market differentiation.

Cons

Investors should be bearish about investing in PulteGroup, Inc. for these reasons:

  • The cyclical nature of the housing market could expose PulteGroup, Inc. to risks during economic downturns, impacting its financial performance.
  • Increased competition in the homebuilding industry may put pressure on PulteGroup, Inc.'s market share and margins.
  • Changes in interest rates could affect the affordability of mortgages, potentially impacting the demand for new homes and affecting PulteGroup, Inc.'s sales.
  • Regulatory changes in the housing sector could lead to increased compliance costs for PulteGroup, Inc., affecting its bottom line.
  • Global economic uncertainties and geopolitical tensions may impact consumer confidence and housing market stability, influencing PulteGroup, Inc.'s performance.














PHM Stock Analysis - Frequently Asked Questions

Should I buy or sell PulteGroup stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 5 hold ratings and 10 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.

What is PulteGroup's stock price target for 2024?

15 Wall Street analysts have issued twelve-month price targets for PulteGroup's shares. Their PHM share price targets range from $64.00 to $126.00. On average, they expect the company's stock price to reach $102.31 in the next twelve months. This suggests that the stock has a possible downside of 3.6%.
View analysts price targets for PHM
or view top-rated stocks among Wall Street analysts.

How have PHM shares performed in 2024?

PulteGroup's stock was trading at $103.22 at the start of the year. Since then, PHM stock has increased by 2.8% and is now trading at $106.09.
View the best growth stocks for 2024 here
.

Are investors shorting PulteGroup?

PulteGroup saw a decrease in short interest in January. As of January 31st, there was short interest totaling 3,950,000 shares, a decrease of 28.4% from the January 15th total of 5,520,000 shares. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.9% of the shares of the company are sold short.
View PulteGroup's Short Interest
.

When is PulteGroup's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our PHM earnings forecast
.

How were PulteGroup's earnings last quarter?

PulteGroup, Inc. (NYSE:PHM) released its quarterly earnings results on Tuesday, January, 30th. The construction company reported $3.28 EPS for the quarter, topping the consensus estimate of $3.21 by $0.07. The construction company had revenue of $4.29 billion for the quarter, compared to analysts' expectations of $4.47 billion. PulteGroup had a net margin of 16.20% and a trailing twelve-month return on equity of 25.97%. The business's revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.63 earnings per share.
Read the conference call transcript
.

How often does PulteGroup pay dividends? What is the dividend yield for PulteGroup?

PulteGroup declared a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.20 per share on Tuesday, April 2nd. This represents a $0.80 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for PHM
.

Is PulteGroup a good dividend stock?

PulteGroup (NYSE:PHM) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.77%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 6.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 6.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHM.

How will PulteGroup's stock buyback program work?

PulteGroup announced that its board has initiated a stock repurchase program on Tuesday, January 30th 2024, which authorizes the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

What is Ryan R. Marshall's approval rating as PulteGroup's CEO?

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.

What other stocks do shareholders of PulteGroup own?

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).

Who are PulteGroup's major shareholders?

PulteGroup's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.69%), Putnam Investments LLC (5.19%), Dimensional Fund Advisors LP (2.70%), Greenhaven Associates Inc. (2.66%), LSV Asset Management (1.80%) and Norges Bank (1.74%). Insiders that own company stock include Brian P Anderson, Brien P O'meara, John J Chadwick, Robert Oshaughnessy, Ryan Marshall and Todd N Sheldon.
View institutional ownership trends
.

How do I buy shares of PulteGroup?

Shares of PHM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does PulteGroup have any subsidiaries?
The following companies are subsidiares of PulteGroup: American West, Centex Construction Of New Mexico LLC, Centex Development Company L.P., Centex Homes, Centex Homes LLC, Centex International II LLC, Centex LLC, Centex Real Estate Company LLC, Contractors Insurance Company of North America Inc., DW Homebuilding Co., Dean Realty Company, Del Webb California Corp., Del Webb Communities Inc., Del Webb Communities of Illinois Inc., Del Webb Corporation, Del Webb Home Construction Inc., Del Webb Limited Holding Co., Del Webb Texas Limited Partnership, Del Webb's Coventry Homes Inc., DiVosta Building LLC, DiVosta Homes Holdings LLC, DiVosta Homes L.P., Innovative Construction Group, Nomas LLC, North American Builders Indemnity Company, PH 19 Corporation, PH 43 LLC, PH 55 LLC, PH1 Corporation, PHNE Business Trust, PN II Inc., Potomac Yard Development LLC, Preserve II Inc., Pulte Arizona Services Inc., Pulte Development Corporation, Pulte Development New Mexico Inc., Pulte Diversified Company LLC, Pulte Home Company LLC, Pulte Home Corporation of The Delaware Valley, Pulte Homes Tennessee Inc., Pulte Homes Tennessee Limited Partnership, Pulte Homes of California Inc., Pulte Homes of Indiana LLC, Pulte Homes of Michigan LLC, Pulte Homes of Minnesota LLC, Pulte Homes of NJ Limited Partnership, Pulte Homes of New England LLC, Pulte Homes of New Mexico Inc., Pulte Homes of New York LLC, Pulte Homes of Ohio LLC, Pulte Homes of PA Limited Partnership, Pulte Homes of Texas L.P., Pulte Homes of Washington Inc., Pulte Interiors LLC, Pulte Land Company LLC, Pulte Mortgage LLC, Pulte Nevada I LLC, Pulte Payroll Corporation, Pulte Purchasing Corporation, Pulte Realty Holding Company LLC, Pulte Realty Limited Partnership, Pulte Texas Holdings LLC, Pulte/BP Murrieta Hills LLC, RN Acquisition 2 Corp., and Terravita Home Construction Co..
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This page (NYSE:PHM) was last updated on 2/23/2024 by MarketBeat.com Staff