PulteGroup (NYSE:PHM) Upgraded at Wedbush

Wedbush upgraded shares of PulteGroup (NYSE:PHM) from a neutral rating to an outperform rating in a research report sent to investors on Friday morning, MarketBeat reports. They currently have $135.00 target price on the construction company’s stock. 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.

A number of other brokerages have also issued reports on PHM. UBS Group raised their price target on PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays reissued an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of PulteGroup in a research note on Wednesday, December 11th. Oppenheimer lowered their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, BTIG Research upped their target price on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup Stock Up 2.2 %

NYSE PHM opened at $110.05 on Friday. PulteGroup has a 52 week low of $99.68 and a 52 week high of $149.47. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.48 and a beta of 1.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $124.17 and a two-hundred day moving average of $126.88.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 EPS. On average, analysts predict that PulteGroup will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is 6.49%.

Institutional Trading of PulteGroup

Several hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of PulteGroup during the 3rd quarter valued at $29,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the 2nd quarter worth $31,000. Candriam S.C.A. purchased a new position in PulteGroup during the 2nd quarter worth $33,000. Finally, JNBA Financial Advisors acquired a new position in PulteGroup during the 3rd quarter valued at about $43,000. 89.90% of the stock is 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.