PulteGroup - PHM Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PHM shares.
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14 Wall Street analysts have issued 1 year price targets for PulteGroup's stock. Their PHM share price forecasts range from $46.00 to $75.00. On average, they anticipate the company's share price to reach $61.69 in the next twelve months. This suggests a possible upside of 11.4% 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 shares have increased by 21.6% and is now trading at $55.36.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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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) announced its quarterly earnings results on Tuesday, January, 31st. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $2.88 by $0.75. The construction company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.59 billion. PulteGroup had a trailing twelve-month return on equity of 31.85% and a net margin of 16.13%. PulteGroup's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS.
Read the conference call transcript.

PulteGroup declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Monday, March 20th will be given a dividend of $0.16 per share on Tuesday, April 4th. This represents a $0.64 annualized dividend and a yield of 1.16%. The ex-dividend date 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), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), 2ndVote Life Neutral Plus ETF (LYFE) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

PulteGroup (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.15%. 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 8.72% 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 has initiated a stock repurchase program on Tuesday, February 1st 2022, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board 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 number of institutional and retail investors. Top institutional shareholders 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 $55.36.

PulteGroup (NYSE:PHM) has a market capitalization of $12.49 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.