PulteGroup, Inc. (PHM)

NYSE: PHM · IEX Real-Time Price · USD
122.53
+6.29 (5.41%)
Jul 16, 2024, 12:02 PM EDT - Market open
5.41%
Market Cap 25.86B
Revenue (ttm) 16.44B
Net Income (ttm) 2.73B
Shares Out 210.34M
EPS (ttm) 12.48
PE Ratio 9.58
Forward PE 9.33
Dividend $0.80 (0.65%)
Ex-Dividend Date Jun 18, 2024
Volume 1,016,254
Open 118.34
Previous Close 116.24
Day's Range 117.95 - 123.09
52-Week Range 68.80 - 122.97
Beta 1.62
Analysts Buy
Price Target 118.69 (-3.13%)
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 14 analysts, the average rating for PHM stock is "Buy." The 12-month stock price forecast is $118.69, which is a decrease of -3.13% from the latest price.

Price Target
$118.69
(-3.13% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Homebuilder Stocks Rise As Milder Inflation Fuels Rate Cut Hopes

Homebuilder stocks jumped Thursday on hopes that mortgage rates will start to significantly downshift this year.

Other symbols: DHIKBHLENTOL
4 days ago - Investopedia

Home builders, flooring companies and pool maker stocks rally as CPI data boosts rate-cut hopes

Home builder stocks were rallying across the board on Thursday, after government data showed U.S. consumer prices falling for the first time in more than four years, boosting hopes the Federal Reserve...

5 days ago - Market Watch

Falling lumber costs may bring homebuilding cost relief, says BofA's Rafe Jafrosich

Rafe Jafrosich, homebuilders and building products analyst at Bank of America Securities, joins CNBC's 'The Exchange' to discuss building costs, the housing trade, and more.

Other symbols: DHIKBHNVRXHB
5 days ago - CNBC Television

Why investors should consider homebuilder stocks despite high mortgage rates

Mortgage rates have ticked up this week, with the 30-year fixed rate sitting at 6.86%. Toggle AI chief market strategist RJ Assaly joins Market Domination to analyze the state of the housing market an...

Other symbols: BZHDHIKBHLENMTHNVRTMHC
12 days ago - Yahoo Finance

PulteGroup Breaks Ground on New Master-Planned Ryehill Communities in Sugar Land

HOUSTON--(BUSINESS WIRE)--PulteGroup, one of America's leading homebuilders, recently celebrated the groundbreakings of Ryehill and Del Webb Sugar Land at Ryehill, new masterfully planned communities ...

13 days ago - Business Wire

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...

18 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
20 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...

4 weeks 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
5 weeks 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 ...

6 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...

6 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...

6 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...

6 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
2 months 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
2 months 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 ...

2 months 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 ...

2 months 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.

3 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.”

3 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...

3 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...

3 months ago - Business Wire