PulteGroup (PHM) Stock Price, News & Analysis

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PHM shares.
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14 Wall Street analysts have issued twelve-month price targets for PulteGroup's shares. Their PHM share price targets range from $85.00 to $143.00. On average, they anticipate the company's share price to reach $113.07 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
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PulteGroup's stock was trading at $103.22 at the start of the year. Since then, PHM shares have increased by 8.1% and is now trading at $111.54.
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PulteGroup saw a decline in short interest in May. As of May 15th, there was short interest totaling 4,260,000 shares, a decline of 17.3% from the April 30th total of 5,150,000 shares. Based on an average daily volume of 1,740,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.0% of the shares of the company are sold short.
View PulteGroup's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
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PulteGroup will be holding an earnings conference call on Tuesday, July 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

PulteGroup, Inc. (NYSE:PHM) released its earnings results on Tuesday, April, 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.51. The construction company earned $3.95 billion during the quarter, compared to analysts' expectations of $3.59 billion. PulteGroup had a trailing twelve-month return on equity of 25.81% and a net margin of 16.63%.

PulteGroup declared a quarterly dividend on Monday, May 6th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.20 per share on Tuesday, July 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, June 18th.
Read our dividend analysis for PHM.

PulteGroup (NYSE:PHM) pays an annual dividend of $0.80 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 6.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 5.98% 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), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), Invesco Building & Construction ETF (PKB), Burney U.S. Factor Rotation ETF (BRNY), SPDR S&P Homebuilders ETF (XHB), The Acquirers Fund (ZIG), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and Pacer US Cash Cows Growth ETF (BUL).

PulteGroup declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 30th 2024, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.55%), LSV Asset Management (1.77%), Bank of New York Mellon Corp (0.82%), Los Angeles Capital Management LLC (0.68%), Captrust Financial Advisors (0.52%) and Allspring Global Investments Holdings LLC (0.35%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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