Morgan Stanley sets USD 128 target for PulteGroup stock
Published on 10/01/2026 at 15:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
PulteGroup (ISIN US7458671010) received a new USD 128.00 price target from Morgan Stanley on October 1, 2026, when the bank initiated coverage with an Equalweight rating. The assessment puts valuation and margin resilience at the center of the investment case as higher incentives, completed spec inventory and land costs pressure homebuilders.
Morgan Stanley sets a USD 128 target
According to Investing.com on October 1, 2026, analyst Adam Kramer cited PulteGroup's scale, Del Webb franchise, mortgage capture and land strategy. Morgan Stanley based the target on fiscal 2027 earnings per share of USD 10.21 and a 12.5 times earnings multiple.
The same report said PulteGroup's return on invested capital stood at 13 percent and that community count could expand by 3 percent to 5 percent. The combination gives the target a specific operating test: future returns must offset pressure from incentives and higher land costs.
Second-quarter earnings beat consensus
MarketBeat reported that PulteGroup's second-quarter 2026 revenue was USD 3.98 billion, down 9.60 percent year over year, while earnings per share reached USD 2.48 versus USD 2.36 consensus. Net margin was 11.62 percent, compared with earnings per share of USD 3.03 in the prior-year quarter.
The figures show why the Morgan Stanley view emphasizes execution rather than volume alone. Revenue exceeded the USD 3.94 billion consensus, but the year-over-year decline and lower earnings per share leave margin protection as a central measure for the next report.
Dividend and October results date
According to PulteGroup, the board declared a quarterly cash dividend of USD 0.26 per share on September 2, 2026, payable October 2, 2026. The company also scheduled its third-quarter 2026 results for October 22, 2026, before the market opens.
EUR 100.80 in afternoon trading
PulteGroup stock was trading at EUR 100.80 at Lang & Schwarz on October 1, 2026 at 3:41 p.m. CEST, down 1.61 percent versus the prior close of EUR 102.45 on September 30, 2026. On the NYSE, PHM was last at USD 113.38 on October 1, 2026 at 9:57 a.m. EDT; the 52-week range was USD 108.49 to USD 144.50 and market capitalization was USD 21.9 billion.
The further course of trading is shown by the continuously updated real-time quote of PulteGroup stock.
PulteGroup stock at a glance
- Company: PulteGroup, Inc.
- ISIN: US7458671010
- Ticker: PHM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 1, 2026, 3:41 p.m. CEST): EUR 100.80
- Change versus prior close: minus 1.61 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 102.45
- Market capitalization: USD 21.9 billion (as of October 1, 2026)
- 52-week range: USD 108.49-144.50 (as of October 1, 2026)
- Sector / Industry: Consumer Cyclical / Residential Construction
