PulteGroup (NYSE:PHM) Earns “Neutral” Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of PulteGroup (NYSE:PHM) in a report published on Tuesday, RTT News reports. They currently have a $115.00 price target on the construction company’s stock, up from their previous price target of $105.00. Wedbush also issued estimates for PulteGroup’s Q4 2024 earnings at $3.33 EPS, Q1 2025 earnings at $2.98 EPS, Q2 2025 earnings at $3.45 EPS, Q3 2025 earnings at $3.60 EPS, Q4 2025 earnings at $3.79 EPS, FY2025 earnings at $13.82 EPS, Q1 2026 earnings at $2.96 EPS and Q2 2026 earnings at $3.56 EPS.

Several other equities research analysts also recently weighed in on PHM. Oppenheimer increased their price target on PulteGroup from $138.00 to $143.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. Jefferies Financial Group increased their price target on shares of PulteGroup from $126.00 to $131.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Barclays cut their target price on PulteGroup from $136.00 to $131.00 and set an overweight rating for the company in a research note on Friday, July 12th. Raymond James reiterated an outperform rating and issued a $135.00 price objective (up previously from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. Finally, Zelman & Associates raised shares of PulteGroup from a neutral rating to an outperform rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $129.93.

PulteGroup Stock Up 2.0 %

PHM stock opened at $125.00 on Tuesday. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.52 and a beta of 1.61. The company has a fifty day moving average price of $114.10 and a 200 day moving average price of $111.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.85. PulteGroup has a 12 month low of $68.80 and a 12 month high of $129.85.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same quarter last year, the company posted $3.00 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts expect that PulteGroup will post 12.68 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, June 18th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Hedge Funds Weigh In On PulteGroup

A number of large investors have recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in PulteGroup during the 1st quarter worth approximately $26,000. Benjamin Edwards Inc. acquired a new stake in shares of PulteGroup in the first quarter worth $26,000. LRI Investments LLC purchased a new position in shares of PulteGroup in the 1st quarter valued at $28,000. Continuum Advisory LLC increased its holdings in PulteGroup by 94.5% in the 2nd quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in PulteGroup in the 4th quarter worth approximately $37,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.