PulteGroup, Inc. (PHM)

NYSE: PHM · IEX Real-Time Price · USD
104.52
-1.71 (-1.61%)
At close: Jul 2, 2024, 4:00 PM
104.99
+0.47 (0.45%)
After-hours: Jul 2, 2024, 7:04 PM EDT
-1.61%
Market Cap 21.98B
Revenue (ttm) 16.44B
Net Income (ttm) 2.73B
Shares Out 210.34M
EPS (ttm) 12.48
PE Ratio 8.38
Forward PE 8.16
Dividend $0.80 (0.77%)
Ex-Dividend Date Jun 18, 2024
Volume 2,513,627
Open 103.07
Previous Close 106.23
Day's Range 102.75 - 105.12
52-Week Range 68.80 - 122.72
Beta 1.60
Analysts Buy
Price Target 114.25 (+9.31%)
Earnings Date Jul 23, 2024

About PHM

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names. In addition, the company arranges financing through the origination of mortgage loans prima... [Read more]

Founded 1950
Employees 6,382
Stock Exchange NYSE
Ticker Symbol PHM
Full Company Profile

Financial Performance

In 2023, PulteGroup's revenue was $16.06 billion, an increase of 0.37% compared to the previous year's $16.00 billion. Earnings were $2.60 billion, a decrease of -0.57%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for PHM stock is "Buy." The 12-month stock price forecast is $114.25, which is an increase of 9.31% from the latest price.

Price Target
$114.25
(9.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

How Will PulteGroup & Homebuilder Stocks Navigate A Softening Housing Market?

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has been a mixed performer this yea...

4 days ago - Forbes

Expect more cracks in the homebuilder trade, says Seaport Global senior analyst

Kenneth “Ken” Zener, Seaport Research Partners, joins 'Fast Money' to talk the homebuilder trade and possible cracks forming in the space.

Other symbols: DHIITBKBHLENTOLXHB
7 days ago - CNBC Television

PulteGroup Continues its Support of Our Nation's Wounded Veterans with the Donation of Three New Mortgage-Free Homes

ATLANTA--(BUSINESS WIRE)--For over a decade, PulteGroup's Built to Honor® program has provided the gift of a new, mortgage-free home to veterans injured during their term of service. In 2024, the Comp...

15 days ago - Business Wire

DR Horton & Other Homebuilder Stocks Are Having A Rough Year. Will Things Get Better?

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has been a mixed performer this yea...

Other symbols: DHI
21 days ago - Forbes

Pulte Homes Announce New Townhome and Condo Community in the Heart of Fairfax, Virginia

FAIRFAX, Va.--(BUSINESS WIRE)--Pulte Homes is thrilled to announce a new townhome and condominium community in the heart of Fairfax, Virginia. Overlook at Fairfax Boulevard is scheduled to open later ...

4 weeks ago - Business Wire

PulteGroup, Inc. Announces Pricing for Tender Offers for Senior Notes

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) (the “Company”) today announced the pricing for its previously announced tender offers to purchase for cash up to $300,000,000 aggregate principa...

4 weeks ago - Business Wire

PulteGroup, Inc. Announces Early Results of Tender Offers for Senior Notes

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) (the “Company”) today announced the early tender results for its previously announced tender offers to purchase for cash up to $300,000,000 aggre...

4 weeks ago - Business Wire

PulteGroup's Second Quarter 2024 Earnings Release and Webcast Conference Call Scheduled for July 23, 2024

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its second quarter 2024 financial results before the market opens on Tuesday, July 23, 2024. The Company wil...

4 weeks ago - Business Wire

These Dividend Stocks Are Beating the Aristocrats

Companies with high dividend growth are beating those with a long history of raising payouts. Consider these stocks and ETFs.

Other symbols: EBAYNOBLOCSTVIG
6 weeks ago - Barrons

Homebuilders are Benefitting from High Mortgage Rates

ResiClub analysis of the Case-Schiller National Home Price Index showed U.S. home prices are up 47% since 2020, notes Dolly and Jenny Lenz. They examine real estate market trends.

Other symbols: DHILENTOL
6 weeks ago - Schwab Network

PulteGroup, Inc. Announces Launch of Tender Offers for Senior Notes

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) (the “Company”) today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the ...

6 weeks ago - Business Wire

PulteGroup's Presentation at the J.P. Morgan 17th Annual Homebuilding & Building Products Conference to be Webcast Live

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), will present at the J.P. Morgan 17th Annual Homebuilding & Building Products Conference on Tuesday, May 14, 2024, at 8:15 a.m. (ET). Interested ...

7 weeks ago - Business Wire

PulteGroup Announces Quarterly Cash Dividend of $0.20 Per Share

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.20 per common share payable July 2, 2024, to shareholders of ...

2 months ago - Business Wire

Why Homebuilder Sales and Stock Prices Are Rising Despite High Mortgage Rates

Shares of U.S. homebuilders rose on Tuesday amid signs that a dearth of existing homes for sale and resilient demand in the face of high interest rates are buoying earnings.

Other symbols: BLDRDHILENTOL
2 months ago - Investopedia

PulteGroup (PHM) CEO on 1Q Earnings

PulteGroup (PHM) President and CEO Ryan Marshall joins Nicole Petallides to discuss 1Q earnings. He talks about how PulteGroup shares are trading higher after earnings.

2 months ago - Schwab Network

PulteGroup CEO: New traffic into sales offices have moderated in reaction to increase in rates

Ryan Marshall, PulteGroup CEO, joins 'Money Movers' to discuss the chief executive's pricing plan, moderations in traffic, and how stickier inflation is hitting PulteGroup's costs.

2 months ago - CNBC Television

Pulte's stock rises premarket as home builder cites housing shortage boost

PulteGroup Inc.'s stock rose in premarket trading on Tuesday after the home builder beat its first-quarter earnings estimate and said it sees an opportunity to benefit from U.S.'s housing demand.

2 months ago - Market Watch

PulteGroup Posts Earnings Beat as ‘Shortage of Several Million Homes' Spurs Demand

PulteGroup CEO Ryan Marshall says it's estimated the U.S. ‘has a structural shortage of several million homes.”

2 months ago - Barrons

PulteGroup, Inc. Reports First Quarter 2024 Financial Results

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its first quarter ended March 31, 2024. For the quarter, the Company reported net income of $663 million, o...

2 months ago - Business Wire

Del Webb Announces Noblesville Community in Central Indiana

INDIANAPOLIS--(BUSINESS WIRE)--Del Webb, the nation's leading builder of active adult communities, today announced the upcoming arrival of Finch Creek by Del Webb. Nestled in the desirable Noblesville...

2 months ago - Business Wire

The outlook for homebuilders

John Lovallo, analyst at UBS, joins ‘The Exchange' to discuss D.R. Horton as the home builder exceeded expectations in its fiscal second quarter, how higher rates are impacting home sales, and more.

Other symbols: DHIKBHLENNVRTOL
2 months ago - CNBC Television

Del Webb Announces Newest Indianapolis-Area Community

INDIANAPOLIS--(BUSINESS WIRE)--Del Webb, the nation's leading builder of active adult communities for those 55 and older, today announced its newest community in the Indianapolis area, Sagebriar by De...

2 months ago - Business Wire

PulteGroup Names Brian Fogarty Colorado Division President

ATLANTA--(BUSINESS WIRE)--PulteGroup (NYSE: PHM), the nation's third-largest homebuilder, today announced it has named Brian Fogarty as president of the Colorado division. With 20 years of real estate...

2 months ago - Business Wire

Del Webb Announces Newest North Dallas Community

DALLAS--(BUSINESS WIRE)--Del Webb, the nation's leading builder of active adult communities for those 55 and older, today announced its newest community in the Dallas area, Del Webb at Legacy Hills, w...

2 months ago - Business Wire

Home Builder Stocks Slip. Higher Mortgage Rates Are on the Horizon.

Hotter-than-expected inflation data is dashing investors' hopes for a June cut in interest rates.

Other symbols: DHIITBXHB
2 months ago - Barrons