Raymond James Raises PulteGroup Target to $145, Highlights 29,500 Home Closings
Raymond James raised its price target on PulteGroup to $145 from $140 and reiterated an Outperform rating, highlighting diversified buyer demographics and disciplined capital allocation. PulteGroup delivered 2025 results with 29,500 home closings, $16.7 billion in revenues, and $2.2 billion net income, while planning to divest off-site manufacturing.
1. Analyst Upgrade Details
Raymond James increased its price target on PulteGroup to $145 from $140 and maintained an Outperform rating. The firm cited resilient full-year performance despite housing market headwinds, pointing to the company’s diversified buyer mix, balanced geographic exposure, and disciplined capital allocation process.
2. 2025 Performance Metrics
In 2025, PulteGroup closed over 29,500 homes, generating $16.7 billion in home sale revenues and recording net income of $2.2 billion, or $11.12 per share. These metrics reflect improved operational efficiency and strong market demand across its key regions.
3. Strategic Off-Site Divestiture
PulteGroup announced plans to sell its off-site manufacturing arm (ICG) to sharpen focus on core homebuilding operations. This move to a more capital-light model is expected to free up resources for reinvestment, enhance returns, and support long-term shareholder value creation.