Q1 Earnings Estimate for PulteGroup Issued By Zacks Research

PulteGroup, Inc. (NYSE:PHM - Free Report) - Investment analysts at Zacks Research decreased their Q1 2025 earnings estimates for shares of PulteGroup in a report issued on Wednesday, February 12th. Zacks Research analyst R. Department now forecasts that the construction company will earn $2.52 per share for the quarter, down from their prior estimate of $2.87. The consensus estimate for PulteGroup's current full-year earnings is $12.32 per share.

Several other research analysts have also weighed in on PHM. Bank of America reduced their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Barclays cut their price objective on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Oppenheimer lowered their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Evercore ISI cut their price target on PulteGroup from $198.00 to $195.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group upped their price objective on PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.86.

PulteGroup Trading Up 0.9 %

PHM traded up $0.94 during mid-day trading on Monday, hitting $105.80. The stock had a trading volume of 1,694,322 shares, compared to its average volume of 2,234,122. PulteGroup has a 1-year low of $101.13 and a 1-year high of $149.47. The firm has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The stock's fifty day simple moving average is $111.47 and its 200-day simple moving average is $125.63.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%.

PulteGroup announced that its Board of Directors has initiated a share repurchase program on Thursday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

Insider Transactions at PulteGroup

In related news, EVP Todd N. Sheldon sold 15,191 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value of $1,617,841.50. Following the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brien P. O'meara sold 3,500 shares of PulteGroup stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the completion of the sale, the vice president now owns 11,372 shares of the company's stock, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,191 shares of company stock worth $2,256,367. Company insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC grew 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 buying an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of PulteGroup during the 3rd quarter valued at $29,000. Hager Investment Management Services LLC acquired a new stake in shares of PulteGroup during the 4th quarter worth $29,000. TD Waterhouse Canada Inc. increased its position in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares during the period. Finally, R Squared Ltd acquired a new position in PulteGroup in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 89.90% of the company's stock.

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.