PulteGroup (PHM) Stock Price, News & Analysis

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PHM shares.
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15 brokers have issued 12 month price targets for PulteGroup's stock. Their PHM share price targets range from $85.00 to $143.00. On average, they anticipate the company's share price to reach $111.73 in the next year. This suggests that the stock has a possible downside of 5.1%.
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PulteGroup's stock was trading at $103.22 at the beginning of 2024. Since then, PHM shares have increased by 14.0% and is now trading at $117.68.
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PulteGroup saw a drop in short interest in March. As of March 31st, there was short interest totaling 4,360,000 shares, a drop of 29.0% from the March 15th total of 6,140,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.1% of the company's shares are short sold.
View PulteGroup's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our PHM earnings forecast.

PulteGroup, Inc. (NYSE:PHM) issued its quarterly earnings results on Tuesday, January, 30th. The construction company reported $3.28 EPS for the quarter, topping the consensus estimate of $3.21 by $0.07. The construction company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.47 billion. PulteGroup had a trailing twelve-month return on equity of 25.81% and a net margin of 16.63%. The firm's quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share.
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PulteGroup announced a quarterly dividend on Monday, May 6th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.20 per share on Tuesday, July 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, June 14th.
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 0.68%. 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 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 6.00% 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), SPDR S&P Homebuilders ETF (XHB), The Acquirers Fund (ZIG), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), Pacer US Cash Cows Growth ETF (BUL) and 2ndVote Life Neutral Plus ETF (LYFE).

PulteGroup announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 30th 2024, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically 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's stock is owned by a number of institutional and retail investors. Top institutional investors 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%), Allspring Global Investments Holdings LLC (0.35%) 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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