PulteGroup, Inc. (PHM)

NYSE: PHM · IEX Real-Time Price · USD
120.59
+2.58 (2.19%)
Mar 28, 2024, 11:15 AM EDT - Market open
2.19%
Market Cap 24.90B
Revenue (ttm) 16.06B
Net Income (ttm) 2.60B
Shares Out 212.11M
EPS (ttm) 11.72
PE Ratio 10.09
Forward PE 9.85
Dividend $0.80 (0.66%)
Ex-Dividend Date Mar 14, 2024
Volume 266,527
Open 118.18
Previous Close 118.01
Day's Range 118.09 - 120.63
52-Week Range 56.63 - 120.67
Beta 1.56
Analysts Buy
Price Target 97.73 (-18.96%)
Earnings Date Apr 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 16 analysts, the average rating for PHM stock is "Buy." The 12-month stock price forecast is $97.73, which is a decrease of -18.96% from the latest price.

Price Target
$97.73
(-18.96% downside)
Analyst Consensus: Buy
Stock Forecasts

News

US homebuilding bounces back in February as builders grow ‘optimistic' about rate cuts

Ahead of the highly anticipated Federal Reserve rate decision on Wednesday, CEO and President of the National Association of Home Builders (NAHB) Jim Tobin joins Yahoo Finance Live to share his insigh...

Other symbols: DHIKBHLENTOL
8 days ago - Yahoo Finance

Public homebuilders will continue to gain market share, according to UBS analyst John Lovallo

UBS analyst John Lovallo joins 'The Exchange' to discuss his outlook for homebuilders, the advantages public builders have in the space, and more.

Other symbols: DHILENNVR
12 days ago - CNBC Television

Why These Homebuilders' Stock Buybacks Are Important for Investors

Strong housing demand makes homebuilders an ideal long-term investment. The fact that these four are actively buying back their stock only sweetens the pot.

Other symbols: AMWDMHOTOL
13 days ago - Kiplinger

PulteGroup Design Team Reveals Top Home Trends for 2024

ATLANTA--(BUSINESS WIRE)--Drawing on the expertise of a dedicated design team that serves the most trusted brands in homebuilding, PulteGroup Inc. (NYSE: PHM), the nation's third-largest homebuilder, ...

14 days ago - Business Wire

PulteGroup Nominates Kristen Actis-Grande for Election to Board of Directors

ATLANTA--(BUSINESS WIRE)--PulteGroup (NYSE: PHM), the nation's third-largest homebuilder, today announced the nomination of Kristen Actis-Grande, Executive Vice President and Chief Financial Officer o...

Other symbols: MSM
19 days ago - Business Wire

With Interest Rates Set To Drop, Are Homebuilder Stocks Like DR Horton And Pulte Group A Buy?

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders has fared reasonably well this year, rising by about 11% year-to-date. ...

Other symbols: DHI
20 days ago - Forbes

PulteGroup Electrifies Home Building with New SPAN Partnership

SAN FRANCISCO--(BUSINESS WIRE)--PulteGroup, the third-largest homebuilder in the US, has entered into a new partnership with SPAN to use its products as their preferred EMS solution for electric homes...

4 weeks ago - Business Wire

Pulte and TechSee Win Silver in the 13th Annual Best in Biz Awards 2023

PulteGroup, Inc. (NYSE: PHM) today has made exemplary advancements in customer experience with technology partner, TechSee NEW YORK , Feb. 27, 2024 /PRNewswire/ -- TechSee announces their customer, Pu...

4 weeks ago - PRNewsWire

PulteGroup's First Quarter 2024 Earnings Release and Webcast Conference Call Scheduled for April 23, 2024

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

4 weeks ago - Business Wire

Homebuilding Stocks Like PulteGroup Are Underperforming This Year On Mixed Earnings. What's Next?

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders has been a mixed performer this year, remaining roughly flat since earl...

6 weeks ago - Forbes

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 April 2, 2024, to shareholders of...

2 months ago - Business Wire

Pulte Homes sees ‘significant increase' in buyer activity at end of 2023

PulteGroup Inc. said Tuesday it saw a surge in home buying activity around the end of 2023 and projected a bumper 2024, but the home builder's stock took a hit as fourth-quarter revenue dropped below ...

2 months ago - Market Watch

PulteGroup Reports Fourth Quarter 2023 Financial Results

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2023. For the quarter, the Company reported net income of $711 millio...

2 months ago - Business Wire

PulteGroup, Inc. Announces $1.5 Billion Increase to Share Repurchase Authorization

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has approved a $1.5 billion increase to the Company's share repurchase authorization. This increase b...

2 months ago - Business Wire

SMCI, PHM, PFE: Awaiting Earnings

Supermicro Computer (SMCI) reports earnings this afternoon and PulteGroup (PHM) and Pfizer (PFE) report earnings tomorrow, premarket. Jenny Horne and Rick Ducat discuss these stocks.

Other symbols: PFESMCI
2 months ago - Schwab Network

Analyst discusses why he is cautious on homebuilder outlook

What does falling mortgage rates mean for home builder stocks? Jay McCanless, Housing Analyst at Wedbush Securities, joins Yahoo Finance to discuss why he is less bullish on home builders and to shed ...

Other symbols: CVCODHIMDCNVRXHB
2 months ago - Yahoo Finance

These 20 stocks soared the most in 2023

The 2023 rally for stocks in the U.S. accelerated as more investors bought the idea that the Federal Reserve succeeded in its effort to bring inflation to heel.

3 months ago - Market Watch

The housing supply may not be able to keep up with demand next year, says Wedbush's Jay McCanless

Jay McCanless, Wedbush housing analyst, joins 'Power Lunch' to discuss the housing sector.

Other symbols: CCSDHIDOORITBLENMHOMTH
3 months ago - CNBC Television

Worth Charting's Carter Worth on homebuilder stocks: Now is the time to take profits

Carter Worth, Worth Charting founder and CEO, joins 'The Exchange' to discuss homebuilder stocks, whether it's the right time to trim regional bank stocks, and more.

Other symbols: DHIITBLENTOL
3 months ago - CNBC Television

Homebuilders still have room to run, says BofA Securities' Rafe Jadrosich

Rafe Jadrosich, BofA Securities senior homebuilders analyst, join 'The Exchange' to discuss the outlook for homebuilders, the impact of rate cuts, and more.

Other symbols: DFHDHIKBHLENNVRTOL
3 months ago - CNBC Television

Playbook and outlook for next year in housing looks similar to this year, says Oppenheimer's Batory

Tyler Batory, analyst at Oppenheimer, joins 'Squawk on the Street' to discuss what the new rate environment does for the homebuilder stocks, what could make the Federal Reserve worried again, and more...

Other symbols: DHITOL
3 months ago - CNBC Television

Up 63% This Year, Despite Higher Rates, Will The Homebuilding Theme Continue To Outperform?

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders such as Pulte Group and Lennar LEN has fared well in 2023, rising by a ...

Other symbols: LEN
3 months ago - Forbes

Homebuilders Lennar and PulteGroup hit fresh highs, among others

D.R. Horton and Lennar are hitting all-time highs today, with the whole sector rallying. CNBC's Investment Committee discusses how to trade the homebuilders.

Other symbols: LEN
4 months ago - CNBC Television

PulteGroup's Fourth Quarter 2023 Earnings Release and Webcast Conference Call Scheduled for January 30, 2024

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its fourth quarter 2023 financial results before the market opens on Tuesday, January 30, 2024. The Company ...

4 months ago - Business Wire