Pultegroup Stock Price, News & Analysis

PulteGroup, Inc. (NYSE: PHM) has declared a quarterly cash dividend of $0.14 per common share. This dividend will be payable on April 1, 2021, to shareholders of record by the close of business on March 12, 2021. As a major player in the homebuilding industry, PulteGroup operates over 40 markets across the U.S., offering diverse brands like Centex and Pulte Homes. The company aims to create exceptional living spaces, reflecting its commitment to meet the evolving needs of homebuyers.

PulteGroup (NYSE: PHM) announced cash tender offers to purchase up to $300 million in senior notes, including 5.500% senior notes due 2026 and 5.000% senior notes due 2027. Validly tendered notes at or before the early tender time on February 10, 2021, will receive a total consideration that includes a $30 early tender premium. The offers will expire on February 25, 2021. The company plans to fund these purchases with existing cash. Conditions apply, including potential proration based on maximum tender amounts.

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.

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.

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.

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.

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.