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Pultegroup, Inc. - PHM STOCK NEWS

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. (symbol: PHM) is a leading homebuilder in the United States, renowned for its innovative home designs and commitment to customer satisfaction. The company specializes in building single-family detached homes, catering to a diverse range of buyers including entry-level, move-up, and active-adult segments.

PulteGroup operates through two primary segments: Homebuilding and Financial Services. The Homebuilding segment includes the acquisition and development of land for residential purposes, as well as the construction of homes. The Financial Services segment offers mortgage financing, title, and insurance services, adding a comprehensive benefit for homebuyers.

Recent achievements highlight PulteGroup’s dedication to excellence, winning more awards for customer satisfaction than any other homebuilder. The company’s current projects emphasize sustainability and modern living, integrating energy-efficient materials and smart home technologies.

With a stable financial condition, PulteGroup continues to invest in strategic land acquisitions and innovative home designs. The company maintains strong partnerships with suppliers and contractors, ensuring quality and reliability in every home they build.

For those seeking to stay updated with the latest news and developments related to PulteGroup, visiting our news section will provide comprehensive and timely updates.

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PulteGroup reported a net income of $438 million for Q4 2020, up from $336 million in Q4 2019, with EPS reaching $1.62, an increase from $1.22 per share. Adjusted net income was $404 million or $1.49 per share. Home sale revenues rose by 5% to $3.1 billion, driven by a 4% increase in average sales price. New orders surged 24% year-on-year to 7,056 homes, with a backlog up 44% to over 15,000 homes. The company ended the quarter with $2.6 billion in cash and a 29.5% debt ratio.

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PulteGroup (NYSE: PHM), the third largest homebuilder in the U.S., is expanding into the Denver market and the Piedmont Triad region of North Carolina. The first community in Colorado, Sterling Ranch, will open later this year, showcasing innovative designs. In North Carolina, construction will begin this year in High Point, driven by the area's attractive living conditions. This strategic expansion aims to capture new markets and enhance PulteGroup’s operational growth, with potential future developments planned in both regions.

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PulteGroup, Inc. (NYSE: PHM) will release its fourth quarter 2020 financial results before the market opens on January 28, 2021. A conference call is scheduled for the same day at 8:30 a.m. (ET), where executives will discuss the results. Investors can access a live audio webcast on the company's website and call participants can dial in using (844) 808-7141, conference ID 10150584. The call will also be archived for later access.

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PulteGroup, Inc. (NYSE: PHM) announced that Bob O'Shaughnessy, the Executive Vice President and CFO, received the 2020 CFO of the Year Award from the CFO Roundtable of Atlanta. Since his appointment in 2011, O'Shaughnessy has played a crucial role in PulteGroup’s success, especially during challenging times. The CFO Roundtable recognizes CFOs for exemplary leadership and sustainable results. PulteGroup operates in 41 markets across the U.S. and offers a diverse range of homes through its various brands, aiming to build quality living spaces.

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PulteGroup, Inc. (NYSE: PHM) announced a 17% increase in its quarterly cash dividend to $0.14 per common share, effective January 5, 2021, for shareholders of record on December 16, 2020. The company credits its strong operating and financial results for the decision, emphasizing a disciplined approach to business and capital allocation.

This move reflects PulteGroup's commitment to enhancing shareholder value amid ongoing operational success.

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PulteGroup (NYSE: PHM) has appointed J. Phillip Holloman, former President and COO of Cintas Corporation, as an independent director of its board, effective immediately. Holloman's extensive experience, including leadership through challenging economic periods and his role in Cintas's rebranding, is expected to bring valuable insights to PulteGroup. His appointment reflects the board's commitment to diversity, inclusion, and strong corporate governance.

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PulteGroup, Inc. (NYSE: PHM) reported strong third-quarter results for 2020, with a net income of $416 million ($1.54 per share), compared to $273 million ($0.99 per share) last year. Adjusted net income was $363 million ($1.34 per share), reflecting a tax benefit from energy credits. Home sale revenues rose by 7% to $2.8 billion, with net new orders increasing by 36% to 8,202 homes. The backlog reached 14,962 homes, a 29% increase, with a value of $6.6 billion. Cash reserves stood at $2.1 billion, and debt ratio improved to 30.8%.

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PulteGroup (NYSE: PHM) has announced new home features tailored to the evolving needs of homebuyers post-pandemic. The focus is on enhancing healthy living, storage options, and facilitating work and leisure activities at home. Key concepts include dedicated workspaces, increased storage, outdoor living areas, and improved health measures within homes. Homebuyers have indicated a strong preference for features like enhanced WiFi and antimicrobial surfaces. Pulte aims to lead in home design innovation by integrating these consumer-inspired features across its communities nationwide.

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FAQ

What is the current stock price of Pultegroup (PHM)?

The current stock price of Pultegroup (PHM) is $107.33 as of February 11, 2025.

What is the market cap of Pultegroup (PHM)?

The market cap of Pultegroup (PHM) is approximately 21.7B.

What types of homes does PulteGroup build?

PulteGroup builds single-family detached homes, catering to entry-level, move-up, and active-adult buyers.

What services does PulteGroup offer besides homebuilding?

Besides homebuilding, PulteGroup offers mortgage financing, title, and insurance services through its Financial Services segment.

Has PulteGroup received any awards?

Yes, PulteGroup has won more awards for customer satisfaction than any other homebuilder.

What is PulteGroup's approach to home design?

PulteGroup focuses on innovative home designs using energy-efficient materials and smart home technologies.

How does PulteGroup ensure the quality of their homes?

PulteGroup maintains strong partnerships with suppliers and contractors to ensure quality and reliability in every home they build.

What is included in PulteGroup's Financial Services segment?

The Financial Services segment includes mortgage financing, title services, and insurance agency services.

What kind of buyers does PulteGroup cater to?

PulteGroup caters to entry-level, move-up, and active-adult buyers.

How can I stay updated on PulteGroup’s latest news?

You can stay updated by visiting the news section on their website for comprehensive and timely updates.

What are PulteGroup's recent projects focused on?

PulteGroup's recent projects are focused on sustainability and modern living.

What is PulteGroup’s ticker symbol?

PulteGroup's ticker symbol is PHM.
Pultegroup, Inc.

NYSE:PHM

PHM Rankings

PHM Stock Data

21.70B
200.97M
0.7%
93.95%
2.36%
Residential Construction
Operative Builders
Link
United States
ATLANTA