PulteGroup - PHM Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PHM shares.
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15 analysts have issued 12 month target prices for PulteGroup's shares. Their PHM share price forecasts range from $46.00 to $75.00. On average, they expect the company's stock price to reach $61.86 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
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PulteGroup's stock was trading at $45.53 at the start of the year. Since then, PHM stock has increased by 26.0% and is now trading at $57.35.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our PHM earnings forecast.

PulteGroup will be holding an earnings conference call on Tuesday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

PulteGroup, Inc. (NYSE:PHM) issued its quarterly earnings results on Tuesday, January, 31st. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $2.88 by $0.75. The construction company earned $5.17 billion during the quarter, compared to the consensus estimate of $4.59 billion. PulteGroup had a net margin of 16.13% and a trailing twelve-month return on equity of 31.85%. PulteGroup's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 earnings per share.
Read the conference call transcript.

PulteGroup announced a quarterly dividend on Wednesday, February 1st. Shareholders of record on Monday, March 20th will be paid a dividend of $0.16 per share on Tuesday, April 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, March 17th.
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 Dynamic Building & Construction ETF (PKB), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), SPDR S&P Homebuilders ETF (XHB), The Acquirers Fund (ZIG), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD).

PulteGroup (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.13%. 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 5.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 8.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHM.

PulteGroup declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 1st 2022, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PHM."

PulteGroup's stock is owned by a variety of retail and institutional investors. Top institutional investors include Putnam Investments LLC (4.26%), Dimensional Fund Advisors LP (3.16%), Greenhaven Associates Inc. (2.47%), Alliancebernstein L.P. (2.48%), Geode Capital Management LLC (2.38%) and LSV Asset Management (2.07%). Insiders that own company stock include Brian P Anderson, Brien P O'meara, John J Chadwick, Robert Oshaughnessy, Stephen P Schlageter 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 $57.35.

PulteGroup (NYSE:PHM) has a market capitalization of $12.86 billion and generates $16.23 billion in revenue each year. The construction company earns $2.62 billion in net income (profit) each year or $11.10 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.