PulteGroup (PHM) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PHM shares.
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15 analysts have issued 12 month target prices for PulteGroup's stock. Their PHM share price forecasts range from $46.00 to $86.00. On average, they expect the company's share price to reach $66.86 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts price targets for PHM or view top-rated stocks among Wall Street analysts.

PulteGroup's stock was trading at $45.53 at the start of the year. Since then, PHM shares have increased by 51.9% and is now trading at $69.18.
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PulteGroup saw a increase in short interest in April. As of April 15th, there was short interest totaling 8,250,000 shares, an increase of 14.1% from the March 31st total of 7,230,000 shares. Based on an average daily volume of 2,860,000 shares, the short-interest ratio is currently 2.9 days. Approximately 3.7% of the company's stock are sold short.
View PulteGroup's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our PHM earnings forecast.

PulteGroup, Inc. (NYSE:PHM) issued its quarterly earnings results on Tuesday, April, 25th. The construction company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.57. The construction company earned $3.58 billion during the quarter, compared to the consensus estimate of $3.27 billion. PulteGroup had a net margin of 16.22% and a trailing twelve-month return on equity of 31.03%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.83 EPS.
Read the conference call transcript.

PulteGroup announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Tuesday, June 20th will be given a dividend of $0.16 per share on Wednesday, July 5th. This represents a $0.64 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date 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), SPDR S&P Homebuilders ETF (XHB), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), Innovator IBD 50 ETF (FFTY), Invesco S&P 500 Pure Value ETF (RPV), 2ndVote Life Neutral Plus ETF (LYFE) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD).

PulteGroup (NYSE:PHM) pays an annual dividend of $0.64 per share and currently has a dividend yield of 0.91%. 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 5.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 7.11% 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 share repurchase program on Tuesday, April 25th 2023, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.63%), Dimensional Fund Advisors LP (3.18%), Greenhaven Associates Inc. (2.51%), Geode Capital Management LLC (2.33%), Envestnet Asset Management Inc. (2.10%) and LSV Asset Management (2.07%). 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.
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One share of PHM stock can currently be purchased for approximately $69.18.

PulteGroup (NYSE:PHM) has a market capitalization of $15.44 billion and generates $16.23 billion in revenue each year. The construction company earns $2.62 billion in net income (profit) each year or $11.62 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.