PulteGroup, Inc. (PHM)
| Market Cap | 16.23B |
| Revenue (ttm) | 16.88B |
| Net Income (ttm) | 2.76B |
| Shares Out | 219.44M |
| EPS (ttm) | 12.04 |
| PE Ratio | 6.14 |
| Forward PE | 6.45 |
| Dividend | $0.64 (0.87%) |
| Ex-Dividend Date | Sep 15, 2023 |
| Volume | 1,558,473 |
| Open | 74.43 |
| Previous Close | 73.90 |
| Day's Range | 73.33 - 74.61 |
| 52-Week Range | 35.99 - 86.16 |
| Beta | 1.39 |
| Analysts | Buy |
| Price Target | 86.80 (+17.39%) |
| Earnings Date | Oct 24, 2023 |
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, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2022, it controlled 211,112 lots, of which 108,848 were owned and 102,26... [Read more]
Financial Performance
In 2022, PulteGroup's revenue was $16.23 billion, an increase of 16.53% compared to the previous year's $13.93 billion. Earnings were $2.62 billion, an increase of 34.48%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for PHM stock is "Buy." The 12-month stock price forecast is $86.8, which is an increase of 17.39% from the latest price.
News
Homebuilder stocks take a broad beating as rising long-term interest rates raises affordability concerns
Shares of home builders took a broad beating Thursday, amid growing concerns over housing affordability as interest rates have been surging. The iShares U.S. Home Construction ETF ITB dropped 2.6% in ...
Deutsche Bank analyst on the state of housing: Prices should remain stable
Joe Ahlersmeyer, Deutsche Bank analyst, joins 'The Exchange' to discuss the health of housing as housing starts fell to its lowest level since 2020 amid high mortgage rates.
Why Surging Mortgage Rates Aren't Denting Homebuilders Like Pulte Group Stock
This compares to the S&P 500 which remains up by about 17% over the same period.
First-Time Homebuyers Undeterred by Rising Mortgage Interest Rates
ATLANTA--(BUSINESS WIRE)--In a recent survey of first-time homebuyers released today by PulteGroup (NYSE: PHM), one of the nation's largest homebuilders, respondents were resoundingly clear that achie...
PulteGroup's Third Quarter 2023 Earnings Release and Webcast Conference Call Scheduled for October 24, 2023
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its third quarter 2023 financial results before the market opens on Tuesday, October 24, 2023. The Company w...
PulteGroup Receives New $300,000 Commitment From Pulte Family Charitable Foundation to Support Built to Honor® Program
ATLANTA--(BUSINESS WIRE)--PulteGroup is proud to receive a new three-year, $300,000 commitment from the Pulte Family Charitable Foundation, the philanthropic organization directed by the family of Pul...
PulteGroup Announces Quarterly Cash Dividend of $0.16 Per Share
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.16 per common share payable October 3, 2023, to shareholders ...
PulteGroup stock leads S&P 500 losers amid beatdown of homebuilder sector as Treasury yields climb
Shares of PulteGroup Inc. PHM, -5.77% took a 5.7% dive in afternoon trading Tuesday, enough to pace the S&P 500's SPX, -0.27% decliners, amid concerns that new home purchases will be hurt as Treasury ...
Builder Stocks Are Falling. Blame the Treasury Yield.
The gain in the 10-year Treasury yield signals more increases in mortgage rates, which have remained high this year relative to their historic lows earlier in the pandemic.
PulteGroup's Built to Honor® Program Presents U.S. Army Veteran with Keys to New Mortgage-Free Home in Georgia
ATLANTA--(BUSINESS WIRE)--PulteGroup's Built to Honor® program has welcomed U.S. Army Staff Sergeant Daniel Karafiat and his family to their new mortgage-free Centex home in Bethlehem, Georgia. The ho...
Homebuilders are adjusting their supply to maintain affordability in high rate times: Evercore's Kim
Stephen Kim, homebuilder sector analyst at ISI, joins 'Squawk on the Street' to discuss geographic changes informing Toll Brothers construction plans, builders issuing incentive programs to appeal to ...
Why Homebuilders Like Lennar And Pulte Group Are Faring Well Despite Surging Mortgage Rates
This compares to the S&P 500 which remains up by about 14% over the same period.
Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply
With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit es...
Dividend Stocks Lag Behind 2023 Market Rally as AI Stocks Surge
That's important, because investors who rely on income may be disappointed in their 2023 return. According to S&P Dow Jones Indices, since 1926, dividends have contributed approximately 32% of the tot...
PulteGroup Inc: A High-Performing Giant in the Homebuilding & Construction Industry
PulteGroup Inc ( PHM , Financial), a prominent player in the Homebuilding & Construction industry, is currently trading at $84.3 per share. With a market capitalization of $18.51 billion, the company'...
PulteGroup Dedicates New Mortgage-Free Home in Southwest Florida to U.S. Army Veteran and Family
LAKEWOOD RANCH, Fla.--(BUSINESS WIRE)--In its 10th year of providing mortgage-free homes to deserving veterans, national homebuilder PulteGroup has dedicated a new home to U.S. Army Sergeant First Cla...
Zausmer Law Firm: Lawsuit by another PulteGroup Whistleblower accuses Top Executives of Racial Discrimination and Love Affairs at Atlanta Headquarters
ATLANTA--(BUSINESS WIRE)--A specialist responsible for catering to the whims of executives and managers at PulteGroup's Atlanta headquarters is blowing the whistle on discriminatory practices he witne...
Skeptics In Pulte Homes Next Bull Run May Get Burnt
The residential construction sector has seen a stratospheric rise during the past year and a half, with leading dynamics in the underlying economy fueling further demand for housing and further amplif...
Is PulteGroup Inc (PHM) Stock Modestly Overvalued? An In-depth Analysis
As of July 25, 2023, PulteGroup Inc ( PHM , Financial) exhibited a positive day's change of 6.09%, with its stock priced at $83.31 per share. With a market cap of $18.6 billion and sales of $16.6 bill...
PulteGroup Reports Second Quarter 2023 Financial Results
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its second quarter ended June 30, 2023. For the quarter, the Company reported net income of $720 million, o...
Why Homebuilder Stocks Are Soaring This Year
Our theme of Housing Stocks has fared well thus far in 2023, rising by a solid 50% year-to-date.
Will a Decrease in Housing Starts Hurt Homebuilder Stocks?
Homebuilders traded lower as a group on July 19, ending the session down 0.20% after the National Association of Homebuilders reported that June housing starts fell more than expected.
Zausmer Law Firm: Statement from plaintiffs in the case Hartsfield, Turnbow and Hunter vs. PulteGroup, Inc. et al.
LANSING, Mich.--(BUSINESS WIRE)--According to Idus Hartsfield, Richard Turnbow and Roderick Hunter, “While we sued PulteGroup after suffering racial discrimination, we have decided to withdraw this pa...
What tech boom? A homebuilder, 3 cruise lines, and Chipotle have all outperformed Apple and Microsoft on the S&P 500 this year
The tech stock boom has some of its thunder stolen by outperformers from other industries. A homebuilder stock, three cruise operators, and Chipotle have all outperformed Apple and Netflix on the S&P...
Housing Demand Gives Home Builders a Solid Foundation for More Gains
Home-builder stocks D.R. Horton, Lennar, and NVR are up between 29% and 33% this year, well above the S&P 500's 13% gain.