JP Morgan Maintains Overweight on PulteGroup, Raises Price Target to $152
$PHM
Homebuilding
Consumer Discretionary
JP Morgan analyst Michael Rehaut maintains PulteGroup (NYSE:PHM) with a Overweight and raises the price target from $141 to $152.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | Neutral → Sell | Seaport Research Partners | |
| 1/8/2025 | $154.00 → $148.00 | Neutral → Buy | UBS |
| 1/3/2025 | $135.00 | Neutral → Outperform | Wedbush |
| 12/11/2024 | $150.00 → $140.00 | Overweight → Equal Weight | Barclays |
| 8/14/2024 | Outperform → Peer Perform | Wolfe Research | |
| 8/5/2024 | Buy → Neutral | Seaport Research Partners | |
| 1/8/2024 | $87.00 → $113.00 | Buy → Neutral | Citigroup |
| 1/4/2024 | $93.00 → $120.00 | Buy → Neutral | UBS |
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable April 2, 2025, to shareholders of record at the close of business on March 18, 2025. About PulteGroup PulteGroup, Inc. (NYSE:PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing c
Earnings Per Share of $4.43 Closings Increased 6% to 8,103 Home Sale Revenues Increased 13% to $4.7 Billion Home Sale Gross Margin of 27.5% Net New Orders of 6,167 Homes with a Value of $3.5 Billion Unit Backlog of 10,153 Homes with a Value of $6.5 Billion Repurchased $320 Million of Common Shares in the Quarter Announces $1.5 Billion Increase to Share Repurchase Authorization PulteGroup, Inc. (NYSE:PHM) announced today financial results for its fourth quarter ended December 31, 2024. For the quarter, the Company reported net income of $913 million, or $4.43 per share. Reported net income includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In t
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has approved a $1.5 billion increase to the Company's share repurchase authorization. This increase brings the Company's remaining share repurchase authorization to $2.1 billion. "Following another year of record earnings and strong cash flows from operations, we are increasing our share repurchase authorization by $1.5 billion," said Ryan Marshall, PulteGroup President and CEO. "This latest increase, along with the 10% increase in our dividend in the fourth quarter of 2024, reflects our well established commitment to return excess funds to our shareholders." The Company returned $1.4 billion to shareholders through
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Del Webb, the nation's leading builder of active adult communities for those 55 and older, recently broke ground on its newest community, Heartwood, located in the Savannah area. This marks the brand's first vacation-inspired active adult community in the region, offering those 55 and older the opportunity to build a new home and enjoy an unmatched social and event-filled lifestyle along the picturesque Georgia coast. Located about 23 minutes from Savannah and less than a mile to I-95, the community will feature a selection of 11 single-family low-maintenance homes that are easily personalized. These homes will be nestled among resort-style amenities and leisure activities alongside the s
PulteGroup, Inc. (NYSE:PHM) (the "Company") is pleased to announce the appointment of Mike Guhl as Senior Vice President and Chief Information Officer (CIO), effective August 19, 2024. He replaces current CIO, Joe Drouin, who is retiring effective October 1, 2024. Mike Guhl joins PulteGroup from HD Supply, where he has served as CIO since 2020. His extensive experience in IT leadership includes key roles at Slalom Consulting and Home Depot. Guhl is also a proud veteran, having served as a Captain in the US Air Force. "We are thrilled to welcome Mike Guhl to PulteGroup as our new CIO," said Ryan Marshall, PulteGroup President and CEO. "His proven track record in IT leadership and his bro
Deep Creek at Jordanelle Ridge combines the beauty of outdoor living with the comfort of city conveniences Pulte Homes is thrilled to announce the pre-sale launch of Deep Creek at Jordanelle Ridge, marking its return to the Utah market after nearly two decades. This stunning new community, nestled amidst the breathtaking Uinta mountainside in Heber City, offers the perfect blend of outdoor adventure and convenient living. "We're delighted to bring Pulte Homes' quality craftsmanship and innovative designs back to Utah," said Ryan Breen, Pulte Group's president of the Las Vegas Division. "Deep Creek at Jordanelle Ridge offers an exceptional opportunity to live in a vibrant community surro
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable April 2, 2025, to shareholders of record at the close of business on March 18, 2025. About PulteGroup PulteGroup, Inc. (NYSE:PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing c
PulteGroup, Inc. (NYSE:PHM) has partnered with The SkillPointe Foundation to launch a new $100,000 investment in scholarships that began last month for individuals of all backgrounds pursuing careers related to residential homebuilding and technology. In recognition of PulteGroup's 75th anniversary, the company expanded its investment in the "Build Your Future" SkillPointe Scholarship. The program will award 20 scholarships, divided between students pursuing university degrees in construction-related fields and those seeking careers in the skilled trades. This enhanced commitment reinforces PulteGroup's mission of building incredible places where people can live their dreams. "Building
Earnings Per Share of $4.43 Closings Increased 6% to 8,103 Home Sale Revenues Increased 13% to $4.7 Billion Home Sale Gross Margin of 27.5% Net New Orders of 6,167 Homes with a Value of $3.5 Billion Unit Backlog of 10,153 Homes with a Value of $6.5 Billion Repurchased $320 Million of Common Shares in the Quarter Announces $1.5 Billion Increase to Share Repurchase Authorization PulteGroup, Inc. (NYSE:PHM) announced today financial results for its fourth quarter ended December 31, 2024. For the quarter, the Company reported net income of $913 million, or $4.43 per share. Reported net income includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In t
Seaport Research Partners downgraded PulteGroup from Neutral to Sell
UBS upgraded PulteGroup from Neutral to Buy and set a new price target of $148.00 from $154.00 previously
Wedbush upgraded PulteGroup from Neutral to Outperform and set a new price target of $135.00
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