PulteGroup (NYSE:PHM) Given New $138.00 Price Target at Citigroup

PulteGroup (NYSE:PHM) had its price objective hoisted by analysts at Citigroup from $136.00 to $138.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s target price suggests a potential upside of 6.79% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company restated an “overweight” rating and issued a $140.00 price target on shares of PulteGroup in a research report on Friday. Royal Bank Of Canada boosted their price target on shares of PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. The Goldman Sachs Group reduced their price target on shares of PulteGroup from $150.00 to $133.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Seaport Research Partners restated a “sell” rating and issued a $100.00 price target (down from $155.00) on shares of PulteGroup in a research report on Tuesday, April 7th. Finally, Evercore upgraded shares of PulteGroup from an “in-line” rating to an “outperform” rating and set a $146.00 price target on the stock in a research report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and an average target price of $140.50.

PulteGroup Price Performance

NYSE:PHM traded down $1.42 on Friday, reaching $129.22. The stock had a trading volume of 77,363 shares, compared to its average volume of 1,895,818. The company has a market capitalization of $24.76 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. PulteGroup has a 1-year low of $95.20 and a 1-year high of $144.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $125.87 and a 200-day moving average price of $124.75.

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

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

Insider Activity at PulteGroup

In other news, insider Ryan Marshall sold 111,250 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares in the company, valued at approximately $88,266,213.12. This represents a 14.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Todd N. Sheldon sold 14,220 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the transaction, the executive vice president owned 69,753 shares in the company, valued at $9,417,352.53. The trade was a 16.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 149,952 shares of company stock valued at $20,162,165 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PulteGroup

A number of institutional investors and hedge funds have recently modified their holdings of PHM. Norges Bank bought a new stake in shares of PulteGroup during the fourth quarter worth approximately $466,653,000. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $502,366,000 after buying an additional 2,392,580 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of PulteGroup during the third quarter worth approximately $315,883,000. AGF Management Ltd. bought a new stake in shares of PulteGroup during the third quarter worth approximately $174,347,000. Finally, American Century Companies Inc. raised its stake in shares of PulteGroup by 120.4% during 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 during the last quarter. 89.90% of the stock is owned by institutional investors.

More 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.