PulteGroup (NYSE:PHM) Raised to “Outperform” at Wedbush

PulteGroup (NYSE:PHM) was upgraded by equities researchers at Wedbush from a “neutral” rating to an “outperform” rating in a report released on Friday, MarketBeat reports. The firm presently has a $135.00 price target on the construction company’s stock. Wedbush’s target price suggests a potential upside of 22.67% from the stock’s previous close. Wedbush also issued estimates for PulteGroup’s FY2024 earnings at $13.10 EPS, 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.

Other equities analysts have also issued reports about the stock. BTIG Research lifted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays restated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of PulteGroup in a research note on Wednesday, December 11th. UBS Group increased their price target on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI dropped their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup Trading Up 2.2 %

Shares of NYSE PHM opened at $110.05 on Friday. PulteGroup has a 1-year low of $99.68 and a 1-year high of $149.47. The business has a fifty day moving average price of $124.17 and a 200 day moving average price of $126.77. The stock has a market capitalization of $22.57 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm posted $2.90 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that PulteGroup will post 12.94 EPS for the current fiscal year.

Institutional Investors Weigh In On PulteGroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its stake in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC purchased a new position in PulteGroup in the third quarter valued at $29,000. Rothschild Investment LLC acquired a new position in shares of PulteGroup in the second quarter worth about $31,000. Candriam S.C.A. purchased a new stake in shares of PulteGroup during the 2nd quarter worth about $33,000. Finally, JNBA Financial Advisors purchased a new stake in shares of PulteGroup during the 3rd quarter worth about $43,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Company Profile

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.