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

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

Several other analysts have also weighed in on PHM. Bank of America lowered their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Citizens Jmp began coverage on shares of PulteGroup in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 price objective for the company. Barclays decreased their price target on shares of PulteGroup from $115.00 to $112.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $140.00 price target on shares of PulteGroup in a research note on Friday. Eleven 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

PulteGroup Trading Down 1.1%

Shares of NYSE:PHM traded down $1.42 during mid-day trading on Friday, hitting $129.22. The company had a trading volume of 77,363 shares, compared to its average volume of 1,895,818. The firm has a fifty day moving average price of $125.87 and a 200 day moving average price of $124.75. The company 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 debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. PulteGroup has a one year low of $95.20 and a one year high of $144.49.

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

PulteGroup announced that its Board of Directors has approved a share buyback plan on Thursday, April 23rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Todd N. Sheldon sold 14,220 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president owned 69,753 shares in the company, valued at approximately $9,417,352.53. The trade was a 16.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Matthew William Koart sold 15,309 shares of the business’s stock in a transaction on Friday, February 6th. The shares were 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PulteGroup

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in PulteGroup by 5.1% during the 4th quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock worth $1,589,495,000 after acquiring an additional 655,033 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in PulteGroup by 126.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock worth $502,366,000 after acquiring an additional 2,392,580 shares during the last quarter. First Trust Advisors LP boosted its holdings in PulteGroup by 10.4% during the 4th quarter. First Trust Advisors LP now owns 4,000,920 shares of the construction company’s stock worth $469,148,000 after acquiring an additional 377,003 shares during the last quarter. Norges Bank purchased a new position in PulteGroup during the 4th quarter worth $466,653,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in PulteGroup during the 3rd quarter worth $315,883,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting PulteGroup

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.