PulteGroup, Inc. (NYSE:PHM – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $143.1429.
Several brokerages have recently commented on PHM. Barclays increased their price target on shares of PulteGroup from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of PulteGroup from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada increased their target price on shares of PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Oppenheimer restated an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. Finally, Evercore restated an “outperform” rating and set a $162.00 target price on shares of PulteGroup in a report on Thursday, July 23rd.
Read Our Latest Analysis on PHM
PulteGroup Trading Down 0.0%
PulteGroup (NYSE:PHM – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 earnings per share. On average, research analysts forecast that PulteGroup will post 10.12 EPS for the current fiscal year.
PulteGroup declared that its Board of Directors has approved a share buyback plan on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at PulteGroup
In related news, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. This trade represents a 20.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.
Institutional Investors Weigh In On PulteGroup
A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in PulteGroup in the 4th quarter worth approximately $466,653,000. Price T Rowe Associates Inc. MD boosted its position in shares of PulteGroup by 126.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock valued at $502,366,000 after acquiring an additional 2,392,580 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of PulteGroup in the second quarter valued at approximately $189,931,000. Public Sector Pension Investment Board grew its stake in shares of PulteGroup by 5,485.0% in the fourth quarter. Public Sector Pension Investment Board now owns 930,622 shares of the construction company’s stock worth $109,125,000 after acquiring an additional 913,959 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of PulteGroup by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock worth $1,589,495,000 after acquiring an additional 655,033 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.
Key Headlines Impacting PulteGroup
Here are the key news stories impacting PulteGroup this week:
- Positive Sentiment: Zacks Research raised its PulteGroup EPS forecast for Q4 2026 to $3.04 from $2.87 and lifted its FY2026 forecast to $9.91 from $9.70. It also made a small increase to its Q1 2027 estimate, now at $1.96 versus $1.95 previously. These revisions suggest some confidence in the company’s near-term earnings trajectory.
- Neutral Sentiment: Wall Street’s outlook for PHM is reviewed in a recent analyst-focused article, highlighting the importance of consensus ratings and price targets to the stock’s direction. Are Wall Street analysts predicting PulteGroup stock will climb or sink?
- Neutral Sentiment: PulteGroup entered a repurchase agreement to help finance mortgage originations. The pact may support lending capacity and home sales, although it also exposes the company’s mortgage business to financing and liquidity considerations. PulteGroup enters repurchase pact to finance mortgage originations
- Negative Sentiment: Zacks lowered several estimates, including Q3 2026 EPS to $2.60 from $2.67, Q2 2027 EPS to $2.71 from $2.81, Q3 2027 EPS to $3.00 from $3.06, FY2027 EPS to $11.04 from $11.07, Q1 2028 EPS to $2.40 from $2.46, and FY2028 EPS to $13.26 from $13.45. The breadth of the reductions signals some pressure on longer-term earnings expectations.
About PulteGroup
PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
See Also
- Five stocks we like better than PulteGroup
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.
