PulteGroup, Inc. (PHM)
| Market Cap | 23.94B |
| Revenue (ttm) | 16.44B |
| Net Income (ttm) | 2.73B |
| Shares Out | 210.34M |
| EPS (ttm) | 12.48 |
| PE Ratio | 9.12 |
| Forward PE | 9.33 |
| Dividend | $0.80 (0.70%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 1,707,640 |
| Open | 112.30 |
| Previous Close | 111.36 |
| Day's Range | 112.02 - 114.71 |
| 52-Week Range | 64.70 - 121.08 |
| Beta | 1.56 |
| Analysts | Buy |
| Price Target | 112.62 (-1.04%) |
| 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]
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 StatementsAnalyst Forecast
According to 14 analysts, the average rating for PHM stock is "Buy." The 12-month stock price forecast is $112.62, which is a decrease of -1.04% from the latest price.
News
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.
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.
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.
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.
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.”
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...
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...
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.
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...
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...
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...
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.
Pulte Homes Announces New Boston-Area Community
BOSTON--(BUSINESS WIRE)--Pulte Homes today announced its newest Boston-area community, Wheelock Farm. Perfectly located in the picturesque town of Norton, nestled between the cities of Boston and Prov...
Strategic Acquisition Opportunity: Biotechnology Intellectual Property of Civetta Therapeutics, LLC Now Open for Bids
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #AssetSale--Civetta Therapeutics offers cutting-edge biotech IP for sale. Bid deadline: April 30. Contact wgbrandt@dsiconsulting.com for details.
Will Homebuilders Like DR Horton & Pulte Group Continue Their Strong Performance This Year?
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 fared reasonably well this year...
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...
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.
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.
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, ...
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...
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. ...
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...
SHAREHOLDER ALERT: The Miller Law Firm, P.C. Investigates Claims on Behalf of Investors of PulteGroup, Inc. Relating to Alleged Attempts to Suppress Negative Media Reports.
ROCHESTER, Mich. , Feb. 28, 2024 /PRNewswire/ -- The Miller Law Firm, P.C.
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...
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...