Wedbush Issues Optimistic Estimate for PulteGroup Earnings

PulteGroup, Inc. (NYSE:PHM) – Wedbush raised their FY2024 earnings per share estimates for PulteGroup in a research note issued on Friday, January 3rd. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $13.10 for the year, up from their prior estimate of $13.03. 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 $12.94 per share. Wedbush also issued estimates for PulteGroup’s Q2 2025 earnings at $3.59 EPS, Q3 2025 earnings at $3.87 EPS, Q4 2025 earnings at $4.16 EPS, FY2025 earnings at $14.58 EPS, Q1 2026 earnings at $3.39 EPS, Q2 2026 earnings at $3.97 EPS, Q3 2026 earnings at $4.24 EPS and Q4 2026 earnings at $4.72 EPS.

Several other research firms have also weighed in on PHM. Barclays reiterated an “equal weight” rating and set a $140.00 price objective (down previously from $150.00) on shares of PulteGroup in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. BTIG Research boosted their price objective on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Oppenheimer lowered their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Bank of America raised their target price on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.29.

PulteGroup Trading Down 1.1 %

PulteGroup stock opened at $107.78 on Monday. PulteGroup has a 1 year low of $100.24 and a 1 year high of $149.47. The firm’s 50-day moving average is $123.66 and its 200-day moving average is $126.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $22.10 billion, a P/E ratio of 7.95, a PEG ratio of 0.48 and a beta of 1.67.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.90 EPS.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.82%. PulteGroup’s payout ratio is presently 6.49%.

Institutional Investors Weigh In On PulteGroup

Institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in shares of PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC raised its position in PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners raised its position in PulteGroup by 1.7% in the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after acquiring an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after acquiring an additional 88 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of PulteGroup by 2.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,598 shares of the construction company’s stock valued at $516,000 after purchasing an additional 97 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

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.