Research Analysts Issue Forecasts for PulteGroup, Inc.’s FY2024 Earnings (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHM) – Research analysts at Zacks Research issued their FY2024 earnings per share estimates for PulteGroup in a research report issued on Tuesday, May 7th. Zacks Research analyst A. Gupta anticipates that the construction company will post earnings of $12.56 per share for the year. The consensus estimate for PulteGroup’s current full-year earnings is $12.66 per share. Zacks Research also issued estimates for PulteGroup’s Q4 2025 earnings at $3.49 EPS, Q1 2026 earnings at $2.92 EPS and FY2026 earnings at $13.29 EPS.

Several other research analysts have also issued reports on PHM. Jefferies Financial Group raised their target price on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wedbush restated a “neutral” rating and set a $85.00 price objective on shares of PulteGroup in a research report on Wednesday, January 31st. Barclays upped their target price on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Oppenheimer raised their price target on shares of PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.73.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $117.06 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. PulteGroup has a 52 week low of $65.16 and a 52 week high of $121.07. The firm has a market cap of $24.62 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.52 and a beta of 1.56. The firm’s fifty day moving average is $113.07 and its 200-day moving average is $102.08.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Putnam Investments LLC raised its holdings in shares of PulteGroup by 1.8% in the 4th quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock worth $1,136,318,000 after purchasing an additional 197,656 shares during the period. Greenhaven Associates Inc. raised its stake in shares of PulteGroup by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,726,368 shares of the construction company’s stock valued at $591,076,000 after buying an additional 24,350 shares during the period. FMR LLC lifted its position in shares of PulteGroup by 1.8% during the 3rd quarter. FMR LLC now owns 5,484,469 shares of the construction company’s stock valued at $406,125,000 after buying an additional 95,945 shares during the last quarter. Invesco Ltd. grew its stake in shares of PulteGroup by 13.3% during the 3rd quarter. Invesco Ltd. now owns 4,432,965 shares of the construction company’s stock worth $328,261,000 after acquiring an additional 522,032 shares during the period. Finally, Norges Bank bought a new position in shares of PulteGroup during the 4th quarter worth $381,960,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup declared that its board has authorized a stock repurchase program on Tuesday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.68%. PulteGroup’s payout ratio is presently 6.41%.

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.