PulteGroup (NYSE:PHM) Stock Rating Upgraded by Wedbush

PulteGroup (NYSE:PHM) was upgraded by equities researchers at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has a $135.00 target price on the construction company’s stock. Wedbush’s price objective points to a potential upside of 22.67% from the stock’s previous close. Wedbush also issued estimates for PulteGroup’s FY2024 earnings at $13.10 EPS, Q2 2025 earnings at $3.59 EPS, Q3 2025 earnings at $3.87 EPS, Q4 2025 earnings at $4.16 EPS, FY2025 earnings at $14.58 EPS, Q1 2026 earnings at $3.39 EPS, Q2 2026 earnings at $3.97 EPS, Q3 2026 earnings at $4.24 EPS and Q4 2026 earnings at $4.72 EPS.

Other research analysts also recently issued research reports about the stock. Bank of America increased their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Evercore ISI lowered their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, UBS Group boosted their price target on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup Stock Up 2.2 %

PulteGroup stock opened at $110.05 on Friday. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.48 and a beta of 1.62. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup has a 12 month low of $99.68 and a 12 month high of $149.47. The stock has a fifty day simple moving average of $124.17 and a two-hundred day simple moving average of $126.77.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.90 EPS. Equities analysts predict that PulteGroup will post 12.94 EPS for the current fiscal year.

Institutional Trading of PulteGroup

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in PulteGroup by 17.7% in the 4th quarter. GAMMA Investing LLC now owns 2,190 shares of the construction company’s stock worth $238,000 after purchasing an additional 329 shares during the period. Versant Capital Management Inc lifted its holdings in shares of PulteGroup by 70.7% in the fourth quarter. Versant Capital Management Inc now owns 642 shares of the construction company’s stock worth $70,000 after buying an additional 266 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of PulteGroup by 3,118.4% during the third quarter. Lord Abbett & CO. LLC now owns 376,717 shares of the construction company’s stock worth $54,070,000 after acquiring an additional 365,012 shares during the last quarter. Logan Capital Management Inc. grew its stake in PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock valued at $2,124,000 after acquiring an additional 5,976 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in PulteGroup in the 3rd quarter valued at $2,973,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

About PulteGroup

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.