Welcome to our dedicated page for Pultegroup news (Ticker: PHM), a resource for investors and traders seeking the latest updates and insights on Pultegroup stock.
PulteGroup Inc (PHM), a leading American homebuilder specializing in single-family residences, maintains this dedicated news hub for investors and industry observers. Our curated collection provides essential updates on corporate developments, market strategies, and operational milestones within the residential construction sector.
This resource centralizes PHM's financial disclosures, including quarterly earnings reports and annual performance summaries, alongside strategic announcements about community developments, partnership initiatives, and design innovations. Users gain immediate access to verified information about land acquisitions, sustainability efforts, and customer experience enhancements that shape the company's market position.
Regular updates ensure stakeholders can track PHM's responses to housing market trends, regulatory changes, and economic conditions affecting the homebuilding industry. Bookmark this page for efficient monitoring of leadership updates, operational expansions, and recognition of the company's award-winning home designs.
PulteGroup (NYSE: PHM) announces the promotion of Tony Nason to president of its newly established Northeast Florida division, effective July 1, 2021. Nason will oversee homebuilding operations in Jacksonville, a move aimed at enhancing local focus and expansion opportunities. Under his leadership, the Jacksonville team has achieved notable growth, delivering over 500 homes annually and managing a land pipeline of 4,000 lots. Nason, who has extensive experience in operations and finance, previously served as vice president of operations and finance in North Florida.
PulteGroup, Inc. (NYSE: PHM) has launched its Transact Home Online program, enabling homebuyers to complete the entire home purchasing process online. This innovative platform allows users to select, configure, and finalize the purchase of Centex homes from anywhere, catering especially to millennials. A recent America at Home study indicated that 58% of millennials feel comfortable buying homes online. Currently, the service is available in select communities in Houston and Raleigh, with plans for expansion to nearly 100 communities by the end of 2022.
PulteGroup is building a mortgage-free home for U.S. Army Staff Sergeant Ellis “Jerry” Majetich through its Built to Honor® program, with groundbreaking at Del Webb Nocatee in Ponte Vedra, Florida. This initiative recognizes veterans injured in service, with Majetich's home tailored to his needs post-injuries from an IED attack. The project is part of PulteGroup's broader commitment, having built over 60 homes since the program's inception in 2013. The community welcomes the Majetich family, emphasizing support for veterans.
PulteGroup, Inc. (NYSE: PHM) is set to announce its second quarter 2021 financial results on July 27, 2021, prior to market opening. A conference call will follow at 8:30 a.m. (ET) to discuss these results. Interested investors can access a live audio webcast on the company's website, with a replay available within 24 hours. PulteGroup operates across over 40 markets in the U.S., offering various home brands to meet diverse buyer needs.
PulteGroup (NYSE: PHM) has declared a quarterly cash dividend of $0.14 per common share, payable on July 2, 2021, to shareholders of record on June 11, 2021. This reflects the company's commitment to returning income to shareholders.
PulteGroup operates in over 40 markets across the U.S., offering a range of brands such as Centex and Pulte Homes, positioning itself as a versatile player in the homebuilding industry.
PulteGroup (NYSE: PHM) will present virtually at the J.P. Morgan Homebuilding & Building Products Conference on May 19, 2021, at 9:00 a.m. EDT. Interested investors can access the presentation via the company's website. PulteGroup, based in Atlanta, Georgia, operates in over 40 markets and is one of America's largest homebuilding companies. They offer a diverse brand portfolio, including Centex, Pulte Homes, and Del Webb, catering to various buyer groups and adapting to consumer demand.
PulteGroup (NYSE: PHM) reported robust first-quarter results for 2021, with net income of $304 million ($1.13 per share), up from $204 million ($0.74 per share) in the same period last year. Adjusted net income rose to $343 million ($1.28 per share). Home sale revenues reached $2.6 billion, a 17% increase, driven by a 12% rise in homes closed and a $17,000 increase in average sales price to $430,000. The company’s backlog totaled 18,966 homes valued at $8.8 billion. PulteGroup also announced a $1 billion increase in its share repurchase authorization and received an investment-grade rating from S&P.
PulteGroup (NYSE: PHM) has authorized a $1.0 billion increase to its share repurchase program, bringing the total to $1.2 billion. The company aims to enhance shareholder value, supported by robust operational performance. CEO Ryan Marshall emphasized the commitment to return capital to shareholders while investing in future growth. Since 2016, PulteGroup has returned over $3.0 billion through dividends and share buybacks. This strategic move reflects confidence in their business outlook and reinforces their capital allocation priorities.
