Fintel reports that on January 3, 2025, Wedbush upgraded their outlook for PulteGroup (NYSE:PHM) from Neutral to Outperform.
Analyst Price Forecast Suggests 39.68% Upside
As of December 23, 2024, the average one-year price target for PulteGroup is $150.35/share. The forecasts range from a low of $121.20 to a high of $204.75. The average price target represents an increase of 39.68% from its latest reported closing price of $107.64 / share.
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The projected annual revenue for PulteGroup is 15,063MM, a decrease of 13.03%. The projected annual non-GAAP EPS is 6.27.
What is the Fund Sentiment?
There are 1,870 funds or institutions reporting positions in PulteGroup. This is an increase of 59 owner(s) or 3.26% in the last quarter. Average portfolio weight of all funds dedicated to PHM is 0.29%, an increase of 5.22%. Total shares owned by institutions increased in the last three months by 3.57% to 221,613K shares. 
The put/call ratio of PHM is 1.33, indicating a bearish outlook.
What are Other Shareholders Doing?
Franklin Resources holds 11,254K shares representing 5.49% ownership of the company. In its prior filing, the firm reported owning 10,669K shares , representing an increase of 5.20%. The firm decreased its portfolio allocation in PHM by 77.56% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,583K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 6,665K shares , representing a decrease of 1.25%. The firm increased its portfolio allocation in PHM by 20.93% over the last quarter.
PEYAX - PUTNAM EQUITY INCOME FUND Shares holds 6,206K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 5,812K shares , representing an increase of 6.35%. The firm decreased its portfolio allocation in PHM by 2.95% over the last quarter.
Greenhaven Associates holds 5,593K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 5,576K shares , representing an increase of 0.30%. The firm increased its portfolio allocation in PHM by 16.70% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 5,436K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 5,399K shares , representing an increase of 0.69%. The firm increased its portfolio allocation in PHM by 20.80% over the last quarter.
PulteGroup Background Information
(This description is provided by the company.)
PulteGroup, Inc., based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 40 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 consumer demand. PulteGroup's purpose is building incredible places where people can live their dreams.
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