Wedbush Issues Pessimistic Outlook for PulteGroup Earnings

PulteGroup, Inc. (NYSE:PHM - Free Report) - Equities researchers at Wedbush reduced their Q2 2025 earnings per share (EPS) estimates for PulteGroup in a note issued to investors on Tuesday, April 22nd. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $3.00 per share for the quarter, down from their previous estimate of $3.19. Wedbush has a "Outperform" rating and a $135.00 price target on the stock. The consensus estimate for PulteGroup's current full-year earnings is $12.32 per share. Wedbush also issued estimates for PulteGroup's Q3 2025 earnings at $3.11 EPS, FY2025 earnings at $11.82 EPS, Q2 2026 earnings at $3.15 EPS, Q3 2026 earnings at $3.62 EPS and Q4 2026 earnings at $3.88 EPS.

PHM has been the topic of several other reports. Bank of America lowered their price objective on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Barclays cut their price objective on shares of PulteGroup from $117.00 to $100.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their target price on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, UBS Group upped their target price on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and a consensus target price of $138.21.

PulteGroup Stock Up 8.3 %

PHM opened at $100.82 on Wednesday. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm's fifty day moving average is $101.66 and its 200 day moving average is $115.60. PulteGroup has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same period in the prior year, the firm posted $3.10 EPS.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup announced that its board has approved a share buyback plan on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at PulteGroup

In other PulteGroup news, VP Brien P. O'meara sold 3,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the transaction, the vice president now directly owns 11,372 shares in the company, valued at $1,209,980.80. This represents a 23.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at $7,961,727. This trade represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,191 shares of company stock valued at $2,256,367. 0.76% of the stock is currently owned by corporate insiders.

Institutional Trading of PulteGroup

A number of hedge funds have recently bought and sold shares of the stock. Logan Capital Management Inc. raised its position in shares of PulteGroup by 67.7% in the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock worth $2,124,000 after acquiring an additional 5,976 shares in the last quarter. Nilsine Partners LLC raised its holdings in PulteGroup by 929.2% in the fourth quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock worth $2,240,000 after purchasing an additional 18,575 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of PulteGroup by 3.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,559 shares of the construction company's stock valued at $496,000 after buying an additional 143 shares during the last quarter. Argyle Capital Management LLC boosted its holdings in shares of PulteGroup by 1.5% in the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after buying an additional 641 shares in the last quarter. Finally, Eastern Bank grew its position in shares of PulteGroup by 4.6% in the 4th quarter. Eastern Bank now owns 142,740 shares of the construction company's stock worth $15,544,000 after buying an additional 6,243 shares during the last quarter. Hedge funds and other institutional investors 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.

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