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PulteGroup (PHM) Stock Price, News & Analysis

$96.30
-0.01 (-0.01%)
(As of 01:04 PM ET)
Compare
Today's Range
$95.38
$96.56
50-Day Range
$69.65
$96.31
52-Week Range
$43.80
$96.61
Volume
695,069 shs
Average Volume
2.57 million shs
Market Capitalization
$20.76 billion
P/E Ratio
7.82
Dividend Yield
0.66%
Price Target
$90.06

PulteGroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
6.2% Downside
$90.06 Price Target
Short Interest
Healthy
2.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.73mentions of PulteGroup in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.48%
From $11.50 to $11.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Construction Sector

11th out of 89 stocks

Operative Builders Industry

4th 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, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2022, it controlled 211,112 lots, of which 108,848 were owned and 102,264 were under land option agreements. 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. The company was founded in 1950 and is headquartered in Atlanta, Georgia.

PHM Stock Price History

PHM Stock News Headlines

Home sales hit a 13-year low... what now? (PHM)
Here's the whole real estate strategy in a nutshell, you can copy Buffett's plan, or play a completely new one of your own. You can't help but make money
From laggards to leaders: Small caps on the rise (PHM)
Despite large-cap dominance, signs suggest a shift to small-cap leadership. Valuations, positive Q3 results, and historical patterns point to potential gains.
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Home prices expected to drop, but homebuilders remain strong (PHM)
Morgan Stanley predicts home prices may drop, but builder stocks, including PulteGroup and Toll Brothers, have defied expectations with a November surge
What Me Worry? Consumer stocks surge despite high inflation (PHM)
Despite inflation and recession worries, consumer discretionary stocks, driven by sectors like apparel, restaurants and travel, outpaced expectations in 2023
Homebuilder stocks soar as sector outpaces the market
Few sectors have impressed as significantly as the homebuilder sector in recent weeks. The Homebuilders ETF (NYSE: XHB) has risen over 16% over the last month.
Why We Like The Returns At PulteGroup (NYSE:PHM)
PulteGroup (PHM) Rises As Market Takes a Dip: Key Facts
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
PulteGroup Set To Reenter Salt Lake City Market After Nearly Two Decades
8 Analysts Have This to Say About PulteGroup
PulteGroup (NYSE:PHM) Is Increasing Its Dividend To $0.20
Red-Hot Homebuilding Stock Flashing Bull Signal
Expert Ratings for PulteGroup
See More Headlines
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Company Calendar

Ex-Dividend for 10/3 Dividend
9/15/2023
Dividend Payable
10/03/2023
Last Earnings
10/24/2023
Today
12/11/2023
Ex-Dividend for 1/3 Dividend
12/18/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/03/2024
Next Earnings (Confirmed)
1/30/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
74586710
Employees
6,524
Year Founded
1950

Price Target and Rating

Average Stock Price Target
$90.06
High Stock Price Target
$117.00
Low Stock Price Target
$50.00
Potential Upside/Downside
-6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
18 Analysts

Profitability

Net Income
$2.62 billion
Pretax Margin
21.64%

Debt

Sales & Book Value

Annual Sales
$16.23 billion
Cash Flow
$11.95 per share
Book Value
$39.51 per share

Miscellaneous

Free Float
213,806,000
Market Cap
$20.81 billion
Optionable
Optionable
Beta
1.45

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

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 Sunday, December 10, 2023 at 8:35 PM.

Pros

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

  • PulteGroup, Inc. is a well-established homebuilding company in the United States.
  • They have a strong track record of acquiring and developing land for homebuilding projects.
  • The company offers a wide range of home designs and options to cater to different customer preferences.
  • PulteGroup, Inc. provides mortgage financing options to homebuyers, making it easier for them to purchase homes.
  • They also offer title insurance policies and examination and closing services to homebuyers, providing a comprehensive homebuying experience.

Cons

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

  • PulteGroup, Inc. operates primarily in the United States, which exposes it to the risks and uncertainties of the domestic housing market.
  • The company's financial performance is closely tied to the overall health of the economy, making it susceptible to economic downturns.
  • Competition in the homebuilding industry is intense, which could impact PulteGroup, Inc.'s market share and profitability.
  • Changes in government regulations and policies related to the housing industry could affect the company's operations and profitability.
  • Investors should also consider the current stock price of PulteGroup, Inc. as a factor in their investment decision.














PHM Stock Analysis - Frequently Asked Questions

Should I buy or sell PulteGroup stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 3 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street 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?

18 Wall Street analysts have issued 1 year target prices for PulteGroup's shares. Their PHM share price targets range from $50.00 to $117.00. On average, they anticipate the company's share price to reach $90.06 in the next twelve months. This suggests that the stock has a possible downside of 6.2%.
View analysts price targets for PHM
or view top-rated stocks among Wall Street analysts.

How have PHM shares performed in 2023?

PulteGroup's stock was trading at $45.53 at the beginning of 2023. Since then, PHM shares have increased by 111.0% and is now trading at $96.05.
View the best growth stocks for 2023 here
.

Are investors shorting PulteGroup?

PulteGroup saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 7,340,000 shares, a decrease of 20.1% from the October 15th total of 9,190,000 shares. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 3.4% of the company's stock 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, January 30th 2024.
View our PHM earnings forecast
.

How can I listen to PulteGroup's earnings call?

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

How were PulteGroup's earnings last quarter?

PulteGroup, Inc. (NYSE:PHM) released its earnings results on Tuesday, October, 24th. The construction company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.83 by $0.07. The construction company earned $4 billion during the quarter, compared to analysts' expectations of $4.05 billion. PulteGroup had a net margin of 16.37% and a trailing twelve-month return on equity of 28.25%. The company's revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $2.69 EPS.
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, November 16th. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.20 per share on Wednesday, January 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for PHM
.

Is PulteGroup a good dividend stock?

PulteGroup (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 0.68%. 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 5.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 5.65% 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 authorized a stock repurchase plan on Tuesday, April 25th 2023, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership 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 institutional and retail investors. Top institutional investors include Greenhaven Associates Inc. (2.60%), FMR LLC (2.54%), Invesco Ltd. (2.06%), AQR Capital Management LLC (1.92%), LSV Asset Management (1.89%) and Morgan Stanley (1.45%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/11/2023 by MarketBeat.com Staff

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