PulteGroup (PHM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $127.80 to $130.00
• 50-Day Range: $127.46 to $149.14
• 52-Week Range: $86.59 to $149.47
• Volume: 1.32 million shs
• Average Volume: 1.83 million shs
• Market Capitalization: $26.61 billion
• P/E Ratio: 9.57
• Dividend Yield: 0.68%
• Price Target: $145.00
• Consensus Rating: Moderate Buy

PulteGroup Stock Analysis - MarketRank™

PulteGroup scored higher than 99% of companies evaluated by MarketBeat, and ranked 2nd out of 101 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PulteGroup has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 10 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

PulteGroup has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 3.48%

Earnings Growth

Earnings for PulteGroup are expected to grow by 3.48% in the coming year, from $12.94 to $13.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PulteGroup is 9.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of PulteGroup is 9.57, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 30.69.

Price to Earnings Growth Ratio

PulteGroup has a PEG Ratio of 0.52. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

PulteGroup has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.58% of the float of PulteGroup has been sold short.

Short Interest Ratio / Days to Cover

PulteGroup has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PulteGroup has recently decreased by 18.35%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

PulteGroup has a dividend yield of 0.62%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

PulteGroup does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PulteGroup is 6.49%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, PulteGroup will have a dividend payout ratio of 6.57% next year. This indicates that PulteGroup will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -3.10

Percentage of Shares Shorted

2.58% of the float of PulteGroup has been sold short.

Short Interest Ratio / Days to Cover

PulteGroup has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PulteGroup has recently decreased by 18.35%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.23

News Sentiment

PulteGroup has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for PulteGroup this week, compared to 12 articles on an average week.

Search Interest

Only 16 people have searched for PHM on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

11 people have added PulteGroup to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, PulteGroup insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,065,534.00 in company stock.

Percentage Held by Insiders

Only 0.83% of the stock of PulteGroup is held by insiders.

Percentage Held by Institutions

89.90% of the stock of PulteGroup is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 25.7% and is now trading at $129.76.
View the best growth stocks for 2024 here.

How were PulteGroup's earnings last quarter?

PulteGroup, Inc. (NYSE:PHM) announced its earnings results on Tuesday, October, 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm's quarterly revenue was up 11.8% compared to the same quarter last year.
Read the conference call transcript.

Is PulteGroup doing a stock buyback?

PulteGroup's board authorized a stock buyback plan on Tuesday, January 30th 2024, which permits the company to repurchase $1,500,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

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 others.

Who are PulteGroup's major shareholders?

PulteGroup's top institutional investors include State Street Corp (5.14%), FMR LLC (4.41%), Greenhaven Associates Inc. (2.70%) and Geode Capital Management LLC (2.47%). 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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Ex-Dividend for 10/2 Dividend: 9/17/2024
• Dividend Payable: 10/02/2024
• Last Earnings: 10/22/2024
• Today: 11/22/2024
• Ex-Dividend for 1/3 Dividend: 12/17/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Operative builders
• Sub-Industry: Homebuilding
• Current Symbol: NYSE:PHM
• CUSIP: 74586710
• CIK: 822416
• Web: www.pultegroupinc.com
• Phone: (404) 978-6400
• Fax: 248-433-4598
• Employees: 6,382
• Year Founded: 1950

Price Target and Rating

• Average Stock Price Target: $145.00
• High Stock Price Target: $195.00
• Low Stock Price Target: $105.00
• Potential Upside/Downside: +11.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.56
• Trailing P/E Ratio: 9.57
• Forward P/E Ratio: 10.03
• P/E Growth: 0.52
• Net Income: $2.60 billion
• Net Margins: 16.64%
• Pretax Margin: 21.77%
• Return on Equity: 25.30%
• Return on Assets: 16.82%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $17.32 billion
• Price / Sales: 1.54
• Cash Flow: $12.77 per share
• Price / Cash Flow: 10.16
• Book Value: $56.39 per share
• Price / Book: 2.30

Miscellaneous

• Outstanding Shares: 205,082,000
• Free Float: 203,380,000
• Market Cap: $26.61 billion
• Optionable: Optionable
• Beta: 1.63