PulteGroup (NYSE:PHM) Stock Gets Price Target Trim from Royal Bank Of Canada

PulteGroup (NYSE:PHM) had its price target reduced by Royal Bank Of Canada from $111.00 to $110.00 in a research report report published on Friday morning,Benzinga reports. They currently have a sector perform rating on the construction company’s stock.

A number of other research analysts also recently weighed in on the stock. Piper Sandler downgraded shares of PulteGroup to a “hold” rating and set a $145.00 target price for the company. in a research report on Thursday, October 8th. Morgan Stanley started coverage on shares of PulteGroup in a report on Thursday, October 1st. They issued an “equal weight” rating and a $128.00 price target on the stock. The Goldman Sachs Group set a $138.00 price objective on PulteGroup in a research note on Monday, October 12th. UBS Group reissued a “buy” rating and set a $166.00 price objective on shares of PulteGroup in a report on Thursday, July 23rd. Finally, Citigroup reduced their price objective on PulteGroup from $134.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.94.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $121.04 on Friday. The company has a market capitalization of $22.28 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. The company’s 50-day moving average is $119.81 and its 200 day moving average is $122.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.71 and a current ratio of 0.71. PulteGroup has a fifty-two week low of $107.15 and a fifty-two week high of $144.49.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Thursday, October 22nd. The construction company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.10). The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.15 billion. PulteGroup had a return on equity of 14.29% and a net margin of 11.24%. The business’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.96 EPS. On average, equities research analysts forecast that PulteGroup will post 9.98 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 15th. PulteGroup’s dividend payout ratio (DPR) is presently 11.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC increased its holdings in shares of PulteGroup by 20.9% in the third quarter. V Square Quantitative Management LLC now owns 7,341 shares of the construction company’s stock worth $852,000 after purchasing an additional 1,268 shares during the period. QRG Capital Management Inc. boosted its stake in PulteGroup by 9.6% during the second quarter. QRG Capital Management Inc. now owns 151,274 shares of the construction company’s stock valued at $20,756,000 after buying an additional 13,312 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in PulteGroup by 9.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,732 shares of the construction company’s stock valued at $1,198,000 after buying an additional 754 shares during the period. Envestnet Asset Management Inc. grew its position in PulteGroup by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 359,552 shares of the construction company’s stock worth $49,333,000 after buying an additional 18,524 shares in the last quarter. Finally, State Street Corp grew its position in PulteGroup by 3.2% during the second quarter. State Street Corp now owns 9,174,111 shares of the construction company’s stock worth $1,261,092,000 after buying an additional 288,054 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Trending Headlines about PulteGroup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Backlog and diversification provided support. Despite weaker demand, PulteGroup’s backlog and active-adult business offered resilience, while management maintained plans for approximately 27,000–27,500 full-year closings and $5.3 billion of 2026 land investment. PHM Q3 deep dive: housing demand softens, but backlog and active adult segment offer resilience
• Positive Sentiment: UBS retained a Buy rating. UBS lowered its price target modestly from $166 to $162, still implying substantial upside from the reference price. UBS Group PulteGroup recommendations
• Positive Sentiment: Profitability remained meaningful. Third-quarter net income was approximately $475.7 million, or $2.53 per share, supported by strong margins and the company’s diversified operating platform. PulteGroup Announces Q3 2026 Net Income
• Neutral Sentiment: Analyst views were mixed. RBC cut its price target from $111 to $110 and kept a Sector Perform rating, contrasting with UBS’s bullish stance. Royal Bank of Canada PulteGroup recommendations
• Negative Sentiment: Q3 results missed expectations. EPS of $2.53 fell short of the $2.63 consensus, while revenue of $3.97 billion missed the $4.15 billion estimate. Revenue declined 9.8% year over year, and EPS fell from $2.96 a year earlier. PulteGroup Reports Third Quarter 2026 Financial Results
• Negative Sentiment: Mortgage rates and inflation are pressuring demand. Higher borrowing costs slowed home sales, particularly in the luxury segment, and contributed to lower closings, weaker pricing and shrinking margins. PulteGroup Net Down as Mortgage Rates Weigh on Home Sales

About PulteGroup

PulteGroup, Inc is a major U.S. homebuilding company that designs, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its operations include land acquisition and development, home construction, sales and marketing, and customer service.

The company markets homes under several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West. Through these brands, PulteGroup offers a variety of single-family home designs and communities, with products tailored to different price points, lifestyles and stages of homeownership.