PulteGroup - PHM Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PulteGroup in the last twelve months. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PHM shares.
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12 analysts have issued 12-month target prices for PulteGroup's shares. Their PHM share price forecasts range from $41.00 to $70.00. On average, they predict the company's stock price to reach $51.21 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
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PulteGroup's stock was trading at $57.16 at the start of the year. Since then, PHM shares have decreased by 28.9% and is now trading at $40.63.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our PHM earnings forecast.

PulteGroup, Inc. (NYSE:PHM) posted its quarterly earnings results on Tuesday, July, 26th. The construction company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.15. The construction company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4.07 billion. PulteGroup had a trailing twelve-month return on equity of 29.81% and a net margin of 15.02%. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 EPS.
Read the conference call transcript.

PulteGroup declared a quarterly dividend on Wednesday, September 7th. Stockholders of record on Thursday, September 22nd will be paid a dividend of $0.15 per share on Tuesday, October 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.48%.
Read our dividend analysis for PHM.

PulteGroup (NYSE:PHM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.51%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHM will have a dividend payout ratio of 5.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHM.

PulteGroup announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 1st 2022, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are 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 retail and institutional investors. Top institutional shareholders include State Street Corp (4.67%), Greenhaven Associates Inc. (1.83%), AQR Capital Management LLC (1.63%), FMR LLC (1.30%), Northern Trust Corp (1.20%) and Legal & General Group Plc (0.86%). Insiders that own company stock include Bill Pulte, Brian P Anderson, Bryce Blair, James L Ossowski, John J Chadwick, Robert Oshaughnessy, Stephen P Schlageter 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 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 $40.63.

PulteGroup (NYSE:PHM) has a market capitalization of $9.41 billion and generates $13.93 billion in revenue each year. The construction company earns $1.95 billion in net income (profit) each year or $8.99 on an earnings per share basis.

The company employs 6,182 workers across the globe.

PulteGroup was founded in 1950.

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.