#4 - PulteGroup (NYSE:PHM)
The third and final homebuilder stock we’re looking at right now is PulteGroup Inc. (NYSE: PHM). As of 2023, the company is the third-largest U.S. homebuilder based on the number of homes closed. PulteGroup operates in a wide geographic range that covers large pockets of the United States. If the United States is going to make up the 4.5 million new home shortage, it will be companies like PulteGroup leading the way.
The company also has a proven history of increasing shareholder value. Since 2015, the company has returned over $3.1 billion to shareholders through dividends and share repurchases. And in the last five years, the total return on KBH stock has been 228%, meaning $1,000 invested in August 2019 would be worth $2,880 as of August 2024.
Analysts agree. The PulteGroup analyst forecast on MarketBeat has 15 analysts offering a consensus Moderate Buy rating on PHM stock. The consensus price target of $133.14 is only a 9% increase, but several analysts have bid the stock higher, including JPMorgan Chase & Co. which gives PHM stock a $152 price target.
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.
Read More - Current Price
- $145.05
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $134.71 (7.1% Downside)
