Key Points
- PulteGroup director Lila Snyder sold 3,339 shares on May 8 at an average price of $117.18, totaling about $391,264. After the sale, she still owned 3,540 shares, cutting her stake by 48.54%.
- The company’s latest earnings were mixed: PulteGroup reported $1.79 EPS versus $1.80 expected, while revenue of $3.41 billion slightly topped estimates. However, revenue fell 12.4% from a year earlier.
- PulteGroup continues rewarding shareholders with a $0.26 quarterly dividend and a new $1.5 billion share repurchase program. The buyback covers up to 6.1% of outstanding shares and may signal management sees the stock as undervalued.
PulteGroup, Inc. (NYSE:PHM - Get Free Report) Director Lila Snyder sold 3,339 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the transaction, the director directly owned 3,540 shares in the company, valued at approximately $414,817.20. The trade was a 48.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
PulteGroup Stock Performance
PHM opened at $117.52 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.48 and a beta of 1.23. The company's 50 day moving average is $122.86 and its 200 day moving average is $124.59. PulteGroup, Inc. has a 12-month low of $95.20 and a 12-month high of $144.49.
PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.80 by ($0.01). The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.40 billion. PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The business's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 10 EPS for the current year.
PulteGroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. PulteGroup's dividend payout ratio (DPR) is presently 10.06%.
PulteGroup declared that its board has initiated a share repurchase program on Thursday, April 23rd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.
Hedge Funds Weigh In On PulteGroup
Several hedge funds have recently modified their holdings of PHM. Norges Bank purchased a new position in shares of PulteGroup in the fourth quarter worth $466,653,000. Price T Rowe Associates Inc. MD lifted its holdings 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 worth $502,366,000 after buying an additional 2,392,580 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of PulteGroup in the third quarter worth $315,883,000. AGF Management Ltd. purchased a new position in shares of PulteGroup in the third quarter worth $174,347,000. Finally, American Century Companies Inc. lifted its holdings in shares of PulteGroup by 120.4% in the third quarter. American Century Companies Inc. now owns 1,703,049 shares of the construction company's stock worth $225,024,000 after buying an additional 930,287 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.
PulteGroup News Roundup
Here are the key news stories impacting PulteGroup this week:
- Positive Sentiment: Zacks Research raised its Q4 2026 EPS estimate for PulteGroup to $2.87 from $2.78, suggesting slightly better-than-expected profitability in that period.
- Positive Sentiment: Zacks Research also increased its Q4 2027 EPS estimate to $3.25 from $3.22, indicating improved longer-term earnings expectations. Article link
- Neutral Sentiment: The stock is drawing extra investor attention after being highlighted as one of Zacks.com’s most-watched names, which can increase trading interest but does not by itself change fundamentals. Article link
- Negative Sentiment: Analysts trimmed PulteGroup’s Q2 2026 EPS estimate to $2.37 from $2.60, a meaningful cut that may weigh on sentiment around near-term results.
- Negative Sentiment: Estimates were also cut for Q3 2026, Q2 2027, Q3 2027 and full-year FY2026 earnings, with FY2026 lowered to $9.70 from $9.85, reinforcing a more cautious earnings outlook. Article link
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of PulteGroup from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, April 27th. Barclays lowered their price target on shares of PulteGroup from $115.00 to $112.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 8th. UBS Group lifted their price target on shares of PulteGroup from $159.00 to $162.00 and gave the company a "buy" rating in a report on Friday, April 24th. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. Finally, The Goldman Sachs Group lifted their price target on shares of PulteGroup from $133.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.71.
Check Out Our Latest Stock Analysis on PHM
About PulteGroup
(
Get Free Report)
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.
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