PulteGroup Stock Outlook: Is Wall Street Bullish or Bearish?

Based in Atlanta, Georgia, PulteGroup, Inc. (PHM) focuses on acquiring and developing land for residential construction. Its portfolio includes single-family homes, townhomes, condominiums, and duplexes. With a market capitalization of $26.4 billion, the company operates through its Homebuilding and Financial Services divisions.

The homebuilder has outperformed the broader market over the past year. Over the past 52 weeks, PHM gained 45.5%, outpacing the S&P 500 Index’s ($SPX) 31.1% returns. In 2024, PHM is up 24.5% compared to SPX’s 24.1% gains on a YTD basis.