Evercore Issues Positive Forecast for PulteGroup (NYSE:PHM) Stock Price

PulteGroup (NYSE:PHM) had its target price raised by stock analysts at Evercore from $146.00 to $151.00 in a research report issued on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the construction company’s stock. Evercore’s price target suggests a potential upside of 16.85% from the company’s previous close.

A number of other analysts have also weighed in on PHM. Oppenheimer reiterated an “outperform” rating and issued a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Wells Fargo & Company reiterated an “overweight” rating and issued a $140.00 target price on shares of PulteGroup in a research note on Friday. Seaport Research Partners reiterated a “sell” rating and issued a $100.00 target price (down from $155.00) on shares of PulteGroup in a research note on Tuesday, April 7th. The Goldman Sachs Group increased their price target on PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Citigroup increased their price target on PulteGroup from $136.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.50.

PulteGroup Trading Down 1.1%

PHM stock traded down $1.42 during midday trading on Friday, reaching $129.22. The company’s stock had a trading volume of 77,363 shares, compared to its average volume of 1,895,818. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day simple moving average of $125.87 and a two-hundred day simple moving average of $124.75. PulteGroup has a 1 year low of $95.20 and a 1 year high of $144.49. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.65 and a beta of 1.33.

PulteGroup (NYSE:PHM) last released its earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). PulteGroup had a return on equity of 18.00% and a net margin of 12.82%.The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities research analysts predict that PulteGroup will post 10.07 EPS for the current year.

PulteGroup declared that its board has initiated a share repurchase program on Thursday, April 23rd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at PulteGroup

In related news, COO Matthew William Koart sold 15,309 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the sale, the chief operating officer owned 42,418 shares of the company’s stock, valued at $5,759,940.22. This trade represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin A. Henry sold 5,173 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total value of $729,548.19. Following the sale, the executive vice president directly owned 14,673 shares in the company, valued at approximately $2,069,333.19. The trade was a 26.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 149,952 shares of company stock valued at $20,162,165 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On PulteGroup

A number of institutional investors have recently added to or reduced their stakes in PHM. Rachor Investment Advisory Services LLC bought a new stake in PulteGroup during the fourth quarter valued at about $31,000. HHM Wealth Advisors LLC boosted its position in PulteGroup by 158.5% during the first quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after purchasing an additional 168 shares in the last quarter. DV Equities LLC bought a new stake in PulteGroup during the fourth quarter valued at about $32,000. Lloyd Advisory Services LLC. bought a new stake in PulteGroup during the fourth quarter valued at about $33,000. Finally, Private Wealth Management Group LLC boosted its position in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup News Summary

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Board ups buybacks by $1.5 billion (total authorization $2.1 billion), allowing repurchase of ~6.1% of shares — a strong capital‑return signal that can support the share price over time. Business Wire: Repurchase Announcement
• Neutral Sentiment: Revenue modestly beat consensus ($3.41B vs. $3.40B) and management pointed to steady orders/community growth, suggesting demand pockets remain even as the market slows. This mitigates some near‑term concerns but doesn’t erase margin pressure. Zacks: Revenue Beat, Orders
• Neutral Sentiment: Management commentary and the earnings call provide detail on incentives, pricing and inventory turns — useful for investors parsing whether margin compression is temporary or structural. Read the transcript for guidance color. Yahoo Finance: Q1 Earnings Call Transcript
• Negative Sentiment: Earnings missed by a hair (EPS $1.79 vs. $1.80 est) and adjusted profit and margins declined materially year‑over‑year (EPS $2.57 a year ago); Pulte cited higher sales incentives and lower selling prices that compressed margins — the main driver of today’s share weakness. Seeking Alpha: Q1 Miss & Pricing Pressure WSJ: Profit Falls on Incentives

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.