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NYSE:PHM

PulteGroup (PHM) Stock Price, News & Analysis

$130.20
+1.93 (+1.50%)
(As of 09/6/2024 ET)
Today's Range
$128.93
$132.60
50-Day Range
$103.95
$135.13
52-Week Range
$68.80
$136.47
Volume
2.57 million shs
Average Volume
1.84 million shs
Market Capitalization
$27.39 billion
P/E Ratio
10.42
Dividend Yield
0.61%
Price Target
$133.14

PulteGroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
2.3% Upside
$133.14 Price Target
Short Interest
Healthy
3.37% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.85mentions of PulteGroup in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$15.81 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.

4.47 out of 5 stars

Construction Sector

15th out of 99 stocks

Operative Builders Industry

4th out of 17 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

Modern apartments housing REITs
As Home Prices Hit Highs, These Apartment REITs Offer Growth (PHM)
These REITs help investors find a way to match what Blackstone is doing with its property portfolio today, Wall Street analysts now recognize upside
Markets
These 2 Sectors Could Provide Roadmap for the Market (PHM)
There are two sectors that typically lead where the economy might be headed into, and the widening difference between the two couldn't make the message clearer
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
new construction home
Homebuilders Poised for a Breakout: Top Stocks to Watch (PHM)
Positive economic data and expectations of a FED rate cut have bolstered investor optimism, setting the stage for potential upside momentum for homebuilders.
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Stock Traders Buy High Volume of PulteGroup Call Options (NYSE:PHM)
PulteGroup: Solid Margins In Undersupplied Industry
PulteGroup, Inc. (NYSE:PHM) Director Sells $2,491,660.00 in Stock
PHM Aug 2024 148.000 call
PHM Sep 2024 138.000 call (PHM240927C00138000)
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
9/07/2024
Ex-Dividend for 10/2 Dividend
9/17/2024
Dividend Payable
10/02/2024
Next Earnings (Confirmed)
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
+2.3%
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
$12.51 per share
Book Value
$48.95 per share

Miscellaneous

Free Float
208,596,000
Market Cap
$27.39 billion
Optionable
Optionable
Beta
1.62

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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 with $3.83 earnings per share, surpassing the consensus estimate by $0.56. This indicates robust financial performance.
  • The company has a healthy return on equity of 25.67%, showcasing efficient utilization of shareholder funds to generate profits.
  • PulteGroup's revenue of $4.60 billion for the quarter exceeded analysts' expectations, demonstrating solid growth in its core business operations.
  • Insider activity: CFO Robert Oshaughnessy sold shares at an average price of $129.29, indicating confidence in the company's future prospects.
  • Institutional inflows: Hedge funds and institutional investors have been increasing their positions in PulteGroup, signaling positive sentiment towards the company's growth potential.

Cons

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

  • Market volatility: PulteGroup's stock price has shown fluctuations, with a 12-month low of $68.80 and a high of $135.62, indicating potential risks associated with price movements.
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 Monday, August 26, 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 beginning of the year. Since then, PHM shares have increased by 26.1% and is now trading at $130.20.
View the best growth stocks for 2024 here
.

How were PulteGroup's earnings last quarter?

PulteGroup, Inc. (NYSE:PHM) released its quarterly earnings data on Tuesday, July, 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. The company's quarterly revenue 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 initiated a share buyback program on Tuesday, January 30th 2024, which authorizes the company to repurchase $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are 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?

PulteGroup subsidiaries include these companies: 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, Thomas J Folliard 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 9/7/2024 by MarketBeat.com Staff

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