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NYSE:PHM

PulteGroup (PHM) Stock Price, News & Analysis

$128.55
+3.81 (+3.05%)
(As of 08/21/2024 ET)
Today's Range
$126.37
$129.69
50-Day Range
$103.95
$133.18
52-Week Range
$68.80
$135.62
Volume
2.03 million shs
Average Volume
1.85 million shs
Market Capitalization
$27.04 billion
P/E Ratio
10.29
Dividend Yield
0.62%
Price Target
$133.14

PulteGroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
3.6% Upside
$133.14 Price Target
Short Interest
Healthy
3.27% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.79mentions of PulteGroup in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$3.75 M Sold Last Quarter
Proj. Earnings Growth
5.27%
From $12.90 to $13.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Construction Sector

9th out of 96 stocks

Operative Builders Industry

2nd out of 15 stocks

PHM stock logo

About PulteGroup Stock (NYSE:PHM)

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. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.

PHM Stock Price History

PHM Stock News Headlines

new home construction frame
PulteGroup is Buying Back $1.5 Billion in Stock During a Crash (PHM)
PulteGroup management is in line with Wall Street analysts, expecting to see double-digit upside in their stock, which is why they are buying $1.5 billion of it
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Top Atlanta homebuilder names new chief information officer
PulteGroup, Inc. Names New Chief Information Officer
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
PulteGroup (NYSE:PHM) Rating Reiterated by Wedbush
PHM Dec 2025 67.500 put
PHM Jan 2025 22.500 call
PHM Jan 2026 80.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 7/2 Dividend
6/18/2024
Dividend Payable
7/02/2024
Last Earnings
7/23/2024
Today
8/21/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
74586710
Employees
6,382
Year Founded
1950

Price Target and Rating

Average Stock Price Target
$133.14
High Stock Price Target
$189.00
Low Stock Price Target
$92.00
Potential Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$2.60 billion
Pretax Margin
22.03%

Debt

Sales & Book Value

Annual Sales
$16.85 billion
Cash Flow
$13.35 per share
Book Value
$54.08 per share

Miscellaneous

Free Float
208,596,000
Market Cap
$27.04 billion
Optionable
Optionable
Beta
1.61

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Should I Buy PulteGroup Stock? PHM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PulteGroup, Inc.:

  • PulteGroup reported strong quarterly earnings, beating analyst estimates, indicating a healthy financial performance.
  • Analysts have given PulteGroup an average rating of "Moderate Buy," suggesting positive sentiment towards the company's future prospects.
  • Recent price target upgrades by various brokerages, such as Barclays and BTIG Research, indicate confidence in PulteGroup's growth potential.
  • Institutional investors have been increasing their stakes in PulteGroup, signaling institutional confidence in the company's future performance.
  • PulteGroup's stock price has been showing an upward trend, reaching $129.99, which may attract investors looking for capital appreciation.

Cons

Investors should be bearish about investing in PulteGroup, Inc. for these reasons:

  • Seaport Res Ptn decreased their Q3 2024 EPS estimates for PulteGroup, indicating potential challenges in the upcoming quarter.
  • While the company has shown growth, the debt-to-equity ratio of 0.15 may raise concerns about PulteGroup's leverage and financial risk.
  • Despite positive ratings, some analysts have issued hold ratings on PulteGroup, suggesting uncertainty in the short-term outlook.
  • The current ratio of 0.76 and quick ratio of 0.85 may indicate liquidity challenges for the company in meeting short-term obligations.
  • PulteGroup's stock price volatility, with a beta of 1.61, may pose risks for investors seeking stable returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 11, 2024. Please send any questions or comments about these PulteGroup pros and cons to contact@marketbeat.com.

PHM Stock Analysis - Frequently Asked Questions

How have PHM shares performed this year?

PulteGroup's stock was trading at $103.22 at the start of the year. Since then, PHM shares have increased by 24.5% and is now trading at $128.55.
View the best growth stocks for 2024 here
.

How were PulteGroup's earnings last quarter?

PulteGroup, Inc. (NYSE:PHM) announced its quarterly earnings data on Tuesday, July, 23rd. The construction company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.56. The business's revenue for the quarter was up 9.8% on a year-over-year basis.
Read the conference call transcript
.

Is PulteGroup doing a stock buyback?

PulteGroup's Board of Directors authorized a stock buyback program on Tuesday, January 30th 2024, which authorizes the company to buy back $1,500,000,000 in shares, according to EventVestor. This means that the company could purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

What is Ryan R. Marshall's approval rating as PulteGroup's CEO?

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.

Does PulteGroup have any subsidiaries?

The following companies are subsidiaries of PulteGroup: Innovative Construction Group, American West, Centex LLC, Centex Construction Of New Mexico LLC, Centex Development Company L.P., Centex Homes, Centex Homes LLC, and more.

Who are PulteGroup's major shareholders?

Top institutional shareholders of PulteGroup include Greenhaven Associates Inc. (2.65%), Dimensional Fund Advisors LP (2.28%), LSV Asset Management (1.73%) and Pacer Advisors Inc. (1.41%). Insiders that own company stock include Ryan Marshall, Robert Oshaughnessy, John J Chadwick, Todd N Sheldon, Brian P Anderson and Brien P O'meara.
View institutional ownership trends
.

How do I buy shares of PulteGroup?

Shares of PHM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PulteGroup own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PulteGroup investors own include Bank of America (BAC), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Intel (INTC), Alibaba Group (BABA) and Advanced Micro Devices (AMD).

This page (NYSE:PHM) was last updated on 8/22/2024 by MarketBeat.com Staff

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