PulteGroup (NYSE:PHM) Price Target Raised to $142.00 at The Goldman Sachs Group

PulteGroup (NYSE:PHM) had its price target upped by equities research analysts at The Goldman Sachs Group from $133.00 to $142.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 9.89% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Truist Financial cut their price target on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $140.00 price target on shares of PulteGroup in a report on Friday. Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Citigroup boosted their price target on shares of PulteGroup from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

PulteGroup Stock Down 1.1%

PHM traded down $1.42 during mid-day trading on Friday, reaching $129.22. 77,363 shares of the stock were exchanged, 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 market capitalization of $24.76 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The company has a 50 day moving average price of $125.87 and a two-hundred day moving average price of $124.75. PulteGroup has a 1 year low of $95.20 and a 1 year high of $144.49.

PulteGroup (NYSE:PHM) 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 firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.40 billion. PulteGroup had a return on equity of 18.00% and a net margin of 12.82%.PulteGroup’s revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.57 earnings per share. As a group, research analysts anticipate that PulteGroup will post 10.07 EPS for the current year.

PulteGroup announced that its board has approved a stock buyback plan on Thursday, April 23rd that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Kevin A. Henry sold 5,173 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total transaction of $729,548.19. Following the sale, the executive vice president directly owned 14,673 shares of the company’s stock, valued at $2,069,333.19. This represents a 26.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Todd N. Sheldon sold 14,220 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the sale, the executive vice president directly owned 69,753 shares in the company, valued at approximately $9,417,352.53. This trade represents a 16.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 149,952 shares of company stock valued at $20,162,165. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On PulteGroup

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in PulteGroup by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock valued at $1,589,495,000 after purchasing an additional 655,033 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in PulteGroup by 126.5% during 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 purchasing an additional 2,392,580 shares during the last quarter. First Trust Advisors LP lifted its holdings in PulteGroup by 10.4% during the fourth quarter. First Trust Advisors LP now owns 4,000,920 shares of the construction company’s stock valued at $469,148,000 after purchasing an additional 377,003 shares during the last quarter. Norges Bank purchased a new stake in PulteGroup during the fourth quarter valued at about $466,653,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in PulteGroup during the third quarter valued at about $315,883,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

Key PulteGroup News

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

PulteGroup Company Profile

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.