PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, 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, 2020, the company controlled 180,352 lots, of which 91,363 were owned and 88,989 were under land option agreements. It also arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. has a strategic relationship with Invitation Homes Inc. The company was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.
IPO Year:
Exchange: NYSE
Website: pultegroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | Neutral → Sell | Seaport Research Partners | |
| 1/8/2025 | $154.00 → $148.00 | Neutral → Buy | UBS |
| 1/3/2025 | $135.00 | Neutral → Outperform | Wedbush |
| 12/11/2024 | $150.00 → $140.00 | Overweight → Equal Weight | Barclays |
| 8/14/2024 | Outperform → Peer Perform | Wolfe Research | |
| 8/5/2024 | Buy → Neutral | Seaport Research Partners | |
| 1/8/2024 | $87.00 → $113.00 | Buy → Neutral | Citigroup |
| 1/4/2024 | $93.00 → $120.00 | Buy → Neutral | UBS |
| 11/27/2023 | $107.00 | Buy | Jefferies |
| 10/17/2023 | $80.00 | Overweight | Wells Fargo |
Company Tests Capabilities of Robotic-Assisted Wall Construction PulteGroup (NYSE:PHM), one of the nation's largest homebuilders, continued to test innovative new technologies with the successful pilot of robotic-assisted construction. The test was conducted in the company's DiVosta community of TerraWalk at Babcock Ranch, America's first solar-powered town, representing the latest advancement in PulteGroup's ongoing efforts to advance homebuilding through technology and innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250220988040/en/PulteGroup's TerraWalk at Babcock Ranch - FBR Hadrian X Demonstration (Photo: Busines
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable April 2, 2025, to shareholders of record at the close of business on March 18, 2025. About PulteGroup PulteGroup, Inc. (NYSE:PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing c
PulteGroup, Inc. (NYSE:PHM) has partnered with The SkillPointe Foundation to launch a new $100,000 investment in scholarships that began last month for individuals of all backgrounds pursuing careers related to residential homebuilding and technology. In recognition of PulteGroup's 75th anniversary, the company expanded its investment in the "Build Your Future" SkillPointe Scholarship. The program will award 20 scholarships, divided between students pursuing university degrees in construction-related fields and those seeking careers in the skilled trades. This enhanced commitment reinforces PulteGroup's mission of building incredible places where people can live their dreams. "Building
Earnings Per Share of $4.43 Closings Increased 6% to 8,103 Home Sale Revenues Increased 13% to $4.7 Billion Home Sale Gross Margin of 27.5% Net New Orders of 6,167 Homes with a Value of $3.5 Billion Unit Backlog of 10,153 Homes with a Value of $6.5 Billion Repurchased $320 Million of Common Shares in the Quarter Announces $1.5 Billion Increase to Share Repurchase Authorization PulteGroup, Inc. (NYSE:PHM) announced today financial results for its fourth quarter ended December 31, 2024. For the quarter, the Company reported net income of $913 million, or $4.43 per share. Reported net income includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In t
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 brings the Company's remaining share repurchase authorization to $2.1 billion. "Following another year of record earnings and strong cash flows from operations, we are increasing our share repurchase authorization by $1.5 billion," said Ryan Marshall, PulteGroup President and CEO. "This latest increase, along with the 10% increase in our dividend in the fourth quarter of 2024, reflects our well established commitment to return excess funds to our shareholders." The Company returned $1.4 billion to shareholders through
The nation's largest in-house residential design firm and one of the nation's largest home builders spotlights lasting design choices that blend functionality, sustainability, and personal style. What's next in home design? The dedicated design team at PulteGroup Inc. (NYSE:PHM), one of the nation's largest home builders, today unveiled its 2025 design trends forecast, highlighting an emerging focus on design choices that last. The forecast envisions a 2025 where mixed-era pieces complement statement elements and spaces work harder than ever to meet homeowners' evolving needs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250
PulteGroup, Inc. (NYSE:PHM) today announced that it will release its fourth quarter 2024 financial results before the market opens on Thursday, January 30, 2025. The Company will hold a conference call to discuss its fourth quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor Relations tab. For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the confer
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has voted to increase the Company's quarterly cash dividend by 10% to $0.22 per common share. The increase will be effective with the Company's next scheduled dividend, which is payable January 3, 2025, to shareholders of record at the close of business on December 17, 2024. "Today's action marks the sixth increase in PulteGroup's dividend since 2019, as we have doubled the per share payout during this period to the $0.22 per share announced today," said PulteGroup President and CEO, Ryan Marshall. "In combination with our share repurchases, 2024 marks the fourth year in a row that PulteGroup will have returned over $
One of Nation's Largest Homebuilders to Deliver 93rd, 94th, and 95th Homes Through its Built to Honor® Program During Veterans Day Week Leading into Veterans Day, PulteGroup (NYSE:PHM) is announcing three home dedication ceremonies through its Built to Honor® program. These ceremonies bring the company closer to its milestone of awarding 100 mortgage-free homes to wounded veterans and their families over the past decade-plus. The three dedication ceremonies, taking place Nov. 11-14, will honor veterans whose combined service spans more than four decades and includes multiple combat deployments, numerous valor awards and significant sacrifices for our nation. "At PulteGroup, we believe th
Earnings Increased 16% to $3.35 Per Share Closings Increased 12% to 7,924 Home Sale Revenues Increased 12% to $4.3 Billion Home Sale Gross Margin of 28.8% Net New Orders Totaled 7,031 Homes with a Value of $3.9 Billion Unit Backlog of 12,089 Homes with a Value of $7.7 Billion Repurchased $320 Million of Common Shares in the Quarter PulteGroup, Inc. (NYSE:PHM) announced today financial results for its third quarter ended September 30, 2024. For the quarter, the Company reported net income of $698 million, or $3.35 per share. In the prior year period, the Company reported net income of $639 million, or $2.90 per share. "Supported by the successful execution of our balanced spe
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable April 2, 2025, to shareholders of record at the close of business on March 18, 2025. About PulteGroup PulteGroup, Inc. (NYSE:PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing c
Earnings Per Share of $4.43 Closings Increased 6% to 8,103 Home Sale Revenues Increased 13% to $4.7 Billion Home Sale Gross Margin of 27.5% Net New Orders of 6,167 Homes with a Value of $3.5 Billion Unit Backlog of 10,153 Homes with a Value of $6.5 Billion Repurchased $320 Million of Common Shares in the Quarter Announces $1.5 Billion Increase to Share Repurchase Authorization PulteGroup, Inc. (NYSE:PHM) announced today financial results for its fourth quarter ended December 31, 2024. For the quarter, the Company reported net income of $913 million, or $4.43 per share. Reported net income includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In t
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 brings the Company's remaining share repurchase authorization to $2.1 billion. "Following another year of record earnings and strong cash flows from operations, we are increasing our share repurchase authorization by $1.5 billion," said Ryan Marshall, PulteGroup President and CEO. "This latest increase, along with the 10% increase in our dividend in the fourth quarter of 2024, reflects our well established commitment to return excess funds to our shareholders." The Company returned $1.4 billion to shareholders through
PulteGroup, Inc. (NYSE:PHM) today announced that it will release its fourth quarter 2024 financial results before the market opens on Thursday, January 30, 2025. The Company will hold a conference call to discuss its fourth quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor Relations tab. For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the confer
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has voted to increase the Company's quarterly cash dividend by 10% to $0.22 per common share. The increase will be effective with the Company's next scheduled dividend, which is payable January 3, 2025, to shareholders of record at the close of business on December 17, 2024. "Today's action marks the sixth increase in PulteGroup's dividend since 2019, as we have doubled the per share payout during this period to the $0.22 per share announced today," said PulteGroup President and CEO, Ryan Marshall. "In combination with our share repurchases, 2024 marks the fourth year in a row that PulteGroup will have returned over $
Earnings Increased 16% to $3.35 Per Share Closings Increased 12% to 7,924 Home Sale Revenues Increased 12% to $4.3 Billion Home Sale Gross Margin of 28.8% Net New Orders Totaled 7,031 Homes with a Value of $3.9 Billion Unit Backlog of 12,089 Homes with a Value of $7.7 Billion Repurchased $320 Million of Common Shares in the Quarter PulteGroup, Inc. (NYSE:PHM) announced today financial results for its third quarter ended September 30, 2024. For the quarter, the Company reported net income of $698 million, or $3.35 per share. In the prior year period, the Company reported net income of $639 million, or $2.90 per share. "Supported by the successful execution of our balanced spe
PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.20 per common share payable October 2, 2024, to shareholders of record at the close of business on September 17, 2024. About PulteGroup PulteGroup, Inc. (NYSE:PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to chan
PulteGroup, Inc. (NYSE:PHM) today announced that it will release its third quarter 2024 financial results before the market opens on Tuesday, October 22, 2024. The Company will hold a conference call to discuss its third quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor Relations tab. For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the conferenc
Earnings Increased 19% to $3.83 Per Share Home Sale Revenues Increased 10% to $4.4 Billion Closings Increased 8% to 8,097 Homes; Average Sales Price Increased 2% to $549,000 Home Sale Gross Margin Increased 30 Basis Points to 29.9% Net New Orders Totaled 7,649 Homes with a Value of $4.4 Billion Unit Backlog of 12,982 Homes with a Value of $8.1 Billion Repurchased $314 Million of Common Shares and $300 Million of Senior Notes in the Quarter PulteGroup, Inc. (NYSE:PHM) announced today financial results for its second quarter ended June 30, 2024. For the quarter, the Company reported net income of $809 million, or $3.83 per share. Reported net income for the quarter inclu
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 will hold a conference call to discuss its second quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations link under the Investor Relations tab. For call participants, the dial-in number is (888) 440-6928 (conference ID 6106699). The call will be recorded and available for audio replay within 24 hours. An archive of the conference
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Seaport Research Partners downgraded PulteGroup from Neutral to Sell
UBS upgraded PulteGroup from Neutral to Buy and set a new price target of $148.00 from $154.00 previously
Wedbush upgraded PulteGroup from Neutral to Outperform and set a new price target of $135.00
Barclays downgraded PulteGroup from Overweight to Equal Weight and set a new price target of $140.00 from $150.00 previously
Wolfe Research downgraded PulteGroup from Outperform to Peer Perform
Seaport Research Partners downgraded PulteGroup from Buy to Neutral
Citigroup downgraded PulteGroup from Buy to Neutral and set a new price target of $113.00 from $87.00 previously
UBS downgraded PulteGroup from Buy to Neutral and set a new price target of $120.00 from $93.00 previously
Jefferies initiated coverage of PulteGroup with a rating of Buy and set a new price target of $107.00
Wells Fargo initiated coverage of PulteGroup with a rating of Overweight and set a new price target of $80.00
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Del Webb, the nation's leading builder of active adult communities for those 55 and older, recently broke ground on its newest community, Heartwood, located in the Savannah area. This marks the brand's first vacation-inspired active adult community in the region, offering those 55 and older the opportunity to build a new home and enjoy an unmatched social and event-filled lifestyle along the picturesque Georgia coast. Located about 23 minutes from Savannah and less than a mile to I-95, the community will feature a selection of 11 single-family low-maintenance homes that are easily personalized. These homes will be nestled among resort-style amenities and leisure activities alongside the s
PulteGroup, Inc. (NYSE:PHM) (the "Company") is pleased to announce the appointment of Mike Guhl as Senior Vice President and Chief Information Officer (CIO), effective August 19, 2024. He replaces current CIO, Joe Drouin, who is retiring effective October 1, 2024. Mike Guhl joins PulteGroup from HD Supply, where he has served as CIO since 2020. His extensive experience in IT leadership includes key roles at Slalom Consulting and Home Depot. Guhl is also a proud veteran, having served as a Captain in the US Air Force. "We are thrilled to welcome Mike Guhl to PulteGroup as our new CIO," said Ryan Marshall, PulteGroup President and CEO. "His proven track record in IT leadership and his bro
Deep Creek at Jordanelle Ridge combines the beauty of outdoor living with the comfort of city conveniences Pulte Homes is thrilled to announce the pre-sale launch of Deep Creek at Jordanelle Ridge, marking its return to the Utah market after nearly two decades. This stunning new community, nestled amidst the breathtaking Uinta mountainside in Heber City, offers the perfect blend of outdoor adventure and convenient living. "We're delighted to bring Pulte Homes' quality craftsmanship and innovative designs back to Utah," said Ryan Breen, Pulte Group's president of the Las Vegas Division. "Deep Creek at Jordanelle Ridge offers an exceptional opportunity to live in a vibrant community surro
Ryehill and Del Webb Sugar Land at Ryehill built in partnership with City of Sugar Land PulteGroup, one of America's leading homebuilders, recently celebrated the groundbreakings of Ryehill and Del Webb Sugar Land at Ryehill, new masterfully planned communities perfectly located in Sugar Land near Hwy 59 and Grand Parkway. Once completed, these communities will feature approximately 2,500 homes offering a variety of flexible floorplans from Pulte Homes, Taylor Morrison and Del Webb, PulteGroup's brand for active adults. Pulte Homes and Taylor Morrison will offer flexible floorplans and life-tested designs focused on modern living, while Del Webb will provide options designed with 55-plu
Overlook at Fairfax Boulevard to Offer 60 Spacious Homes 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 this summer and is ideally located along Fairfax Boulevard, offering a rare chance to own a new home in this highly sought-after location. "We are excited to be building in Fairfax again," says Jarod Blaney, President of PulteGroup's Mid-Atlantic Division. "This new community offers thoughtfully designed homes in a fantastic location with amazing access and convenience for residents. It's one of the few new construction projects in the area, making it an ideal home
United Homes Group, Inc. ("UHG" or the "Company") (NASDAQ:UHG) announced today that David Hamamoto has resigned from the Board of Directors. Mr. Hamamoto was the founder and principal sponsor of DiamondHead Holdings Corp., which subsequently merged with Great Southern Homes to create UHG, now a publicly-traded homebuilder. The Company is also announcing that Mr. Hamamoto's seat will be filled by Jamie Pirrello, a 30-year veteran of the homebuilding industry whose resume includes leadership roles at publicly traded homebuilders including Century Communities, Inc. (NYSE:CCS), NVR (NYSE:NVR) and UCP, Inc. (NYSE:UCP). Mr. Hamamoto commented, "It's been an honor to partner with Michael Nieri a
Finch Creek by Del Webb to Open Spring 2025 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 area northeast of Indianapolis, Finch Creek by Del Webb promises an exceptional living experience designed for those 55 and over. Scheduled for a grand opening in Spring 2025, Finch Creek by Del Webb will seamlessly integrate into a master-planned development, offering residents the best of both worlds: a vibrant Del Webb community with all its signature amenities, coupled with a location close to essential shopping, healthcare, and entertainment options. "We are excited to
Sagebriar by Del Webb to Offer Ranch-Style Home Community for Active Adults in Greenwood 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 Del Webb, with an expected grand opening in late spring 2025. Perfectly located in the heart of the city's southern suburbs, only 20 minutes from downtown, Sagebriar by Del Webb will feature new construction single-story homes and resort-style amenities woven among ample parks, walking trails, and ponds. "Sagebriar by Del Webb is our first community in Greenwood and is less than five minutes from two entrance/exit ramps for I-65, pro
Dell Webb at Legacy Hills Offers Ranch Style Home Community for Active Adults 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, with an expected grand opening later this summer. Nestled perfectly in Celina, this community offers the best of both worlds: a peaceful retreat with ample parks, walking trails, and ponds and easy access to shopping and dining in Prosper, Frisco, and McKinney. "Del Webb at Legacy Hills marks our exciting debut in Celina," says Bryan Swindell, president of PulteGroup's Dallas division. "We're thrilled to be part of the master-planned Leg
Region's First Activity-Centric Community Breaks Ground Along Reedy River Del Webb Greenville announces the groundbreaking of its inaugural active adult community in South Carolina's Upstate, where those aged 55 and better are invited to put down roots alongside the Reedy River and build a social and event-filled lifestyle unparalleled in the region. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240208637560/en/From left to right: Teyi Lawson (VP Construction), Emily Chase (Marketing Manager), Chad Plunkett (Division President), Charles Norris (VP Land Acquisition), Matt Fabre (VP Procurement), Kelly Suits (VP Sales) (Photo: