6 stories mentioning PHM
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Lila Snyder, Director, on May 08, 2026, sold 3,339 shares in Pultegroup (PHM) for $391,264. Following the Form 4 filing with the SEC, Snyder has control over a total of 3,540 common shares of the company, with 3,540 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/822416/000166075626000004/xslF345X05/wk-form4_1778271201.xml
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month target price of $110, 11x our 2026 EPS view of $10.04. Our forward P/E is a premium to the historical average, a valuation justified by its diversification, scale, and the U.S. housing shortage. We revise our 2026 EPS to $10.04 from $10.46 and 2027 EPS to $11.21 from $11.84. While PHM's strategic pivot back to a build-to-order model aims for higher margins, we see a near-term contraction in market share and unit volume that the market is underestimating. This could be further challenged by competition for premium lots, which could drive up land costs and erode benefits the BTO model is intended to capture. Consequently, we view revenue expectations in 2027 to be too optimistic compared to what its BTO model has been able to deliver and may require downward margin revision. With shares appearing to have priced in the long-term housing shortage narrative, we believe investors are overlooking execution risks, making the current risk/reward profile unfavorable.
PulteGroup (PHM) has an average rating of overweight and mean price target of $137.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $129.19, Change: $-1.45, Percent Change: -1.11%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PulteGroup's Q1 revenue of $3.3B slightly missed consensus, due to and average sales price (ASP) of $542K (-5% Y/Y) falling below guidance, though the company delivered 6,102 homes (-7% Y/Y), at the high end of its forecast. EPS of $1.79 narrowly missed consensus as gross margin of 24.4% fell short of guidance due to higher incentives, while SG&A remained controlled at 11.5%. PHM demonstrated strategic focus on volume over pricing, with strong operational execution evident in community count expansion of 9%. Net orders increased 3% Y/Y to 8,034 homes, rebuilding backlog to over 10,400 units, though turnover declined to 72% from Q4's 79%. PHM maintained balance sheet strength with $1.8B in cash and repurchased $308M in shares, while the Board approved a $1.5B increase to buyback authorization. We believe the company's strategic pivot toward volume and market share gains positions it well, though we expect continued margin pressure from competitive dynamics and elevated incentive usage in the near term.
Several key US homebuilders' earnings this year are likely to take a hit, as the economic fallout from the Middle East conflict weighs on an already-soft spring selling season, Truist Securities said Thursday.The brokerage lowered its bottom-line estimates for the upcoming quarter and full year for six homebuilders. These are D.R. Horton (DHI), Meritage Homes (MTH), NVR (NVR), PulteGroup (PHM), Taylor Morrison Homes (TMHC), and Toll Brothers (TOL).Truist also trimmed its price targets for the six stocks, as it factored in inflation and the erosion in consumer confidence amid higher oil prices driven mainly by the US-Israel war with Iran that broke out at the end of February."The timing of this war was very unfortunate," Truist analyst Jonathan Bettenhausen said in a note to clients. "While we think industry expectations for this spring selling season were already calling for a roughly down low-single-digit environment from last year, we find it unlikely that a significant deterioration in the geopolitical environment was factored into those expectations."The brokerage said that while it's not expecting "many beats" among the stocks it covers, its favorite going into the latest quarterly print is Taylor Morrison. That stock likely has "the most bad news priced in," Bettenhausen wrote."We think any optimism on the spring selling season has effectively evaporated, and we have lowered our demand assumptions accordingly for (the first half) quarters, but also for the back half of the year on worse spring (build-to-order) new order demand," the analyst said.With new home sales and new residential construction data for March yet to be released, alternative market indicators such as mortgage reports and Google Trends "do not yield encouraging demand trends, which in our view, confirms the prevailing market sentiment on demand," according to the note.On Wednesday, the National Association of Home Builders and Wells Fargo said US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates.The White House is optimistic about reaching a deal with Iran, noting that a potential second round of talks would likely be held in Pakistan. Over the weekend, US-Iran peace negotiations in Islamabad ended without a deal. Meanwhile, a two-week ceasefire between Washington and Tehran holds.Price: $144.72, Change: $+0.52, Percent Change: +0.36%
PulteGroup (PHM) has an average rating of overweight and mean price target of $137, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)