PulteGroup (NYSE:PHM) Upgraded at Wedbush

Wedbush upgraded shares of PulteGroup (NYSE:PHM) from a neutral rating to an outperform rating in a report issued on Friday, Marketbeat reports. The firm currently has $135.00 price objective 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.

Several other equities analysts also recently weighed in on the stock. Oppenheimer cut their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. BTIG Research upped their price target on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. UBS Group lifted their price objective on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Bank of America boosted their price objective on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.14.

PulteGroup Trading Up 2.2 %

NYSE:PHM opened at $110.05 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $124.17 and a 200-day simple moving average of $126.88. PulteGroup has a 12 month low of $99.68 and a 12 month high of $149.47. The company has a market capitalization of $22.57 billion, a P/E ratio of 8.12, a PEG ratio of 0.48 and a beta of 1.67.

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

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.80%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Institutional Trading of PulteGroup

Large investors have recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position in PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in PulteGroup in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC acquired a new position in PulteGroup during the second quarter worth $31,000. Candriam S.C.A. acquired a new position in shares of PulteGroup during the 2nd quarter valued at about $33,000. Finally, JNBA Financial Advisors purchased a new stake in shares of PulteGroup in the 3rd quarter valued at approximately $43,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

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.