PulteGroup Stock Price, News & Analysis (NYSE:PHM)

18 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 15 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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18 analysts have issued 12-month price objectives for PulteGroup's stock. Their PHM share price targets range from $50.00 to $117.00. On average, they expect the company's stock price to reach $90.06 in the next year. This suggests that the stock has a possible downside of 0.9%.
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PulteGroup's stock was trading at $45.53 at the beginning of the year. Since then, PHM stock has increased by 99.7% and is now trading at $90.92.
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PulteGroup saw a decrease in short interest in 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 volume of 2,390,000 shares, the short-interest ratio is currently 3.1 days. Approximately 3.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our PHM earnings forecast.

PulteGroup, Inc. (NYSE:PHM) announced its earnings results on Tuesday, October, 24th. The construction company reported $2.90 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.07. The construction company had revenue of $4 billion for 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 firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $2.69 earnings per share.
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PulteGroup declared a quarterly dividend on Thursday, November 16th. Investors 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 0.88%. The ex-dividend date is Monday, December 18th. This is an increase from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for PHM.

PulteGroup (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 0.70%. 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.

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 announced that its board has authorized a stock buyback 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 purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication 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's stock is owned by a number of retail and institutional 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.
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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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