PulteGroup (PHM) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PHM shares.
View PHM analyst ratings or view top-rated stocks.

16 analysts have issued 12-month price targets for PulteGroup's shares. Their PHM share price forecasts range from $50.00 to $110.00. On average, they predict the company's stock price to reach $86.27 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for PHM or view top-rated stocks among Wall Street analysts.

PulteGroup's stock was trading at $45.53 on January 1st, 2023. Since then, PHM stock has increased by 81.8% and is now trading at $82.77.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our PHM earnings forecast.

PulteGroup, Inc. (NYSE:PHM) issued its earnings results on Tuesday, July, 25th. The construction company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.69. The construction company had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.01 billion. PulteGroup had a net margin of 16.37% and a trailing twelve-month return on equity of 29.58%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.73 EPS.
Read the conference call transcript.

PulteGroup announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Tuesday, June 20th will be paid a dividend of $0.16 per share on Wednesday, July 5th. This represents a $0.64 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, June 16th.
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), 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 (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 0.77%. 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 5.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 5.47% 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 authorized a stock repurchase program on Tuesday, April 25th 2023, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.52%), Dimensional Fund Advisors LP (3.23%), Greenhaven Associates Inc. (2.59%), Geode Capital Management LLC (2.24%), LSV Asset Management (1.98%) and Northern Trust Corp (1.06%). Insiders that own company stock include Brian P Anderson, Brien P O'meara, John J Chadwick, Robert Oshaughnessy, Ryan Marshall and Todd N Sheldon.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of PHM stock can currently be purchased for approximately $82.77.

PulteGroup (NYSE:PHM) has a market capitalization of $18.16 billion and generates $16.23 billion in revenue each year. The construction company earns $2.62 billion in net income (profit) each year or $12.10 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.