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. is a U.S. homebuilder whose updates center on home sales, new orders, backlog, land acquisition and development, and market conditions across more than 45 markets. The company builds under brands including Pulte Homes, Centex, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, serving entry-level, move-up and active-adult buyers.
Recurring news also covers dividends, share repurchase authorizations, board nominations, investor presentations, builder relationships and community expansion. PulteGroup also reports on mortgage financing, title and insurance agency services through its financial services segment.
PulteGroup, Inc. (NYSE: PHM) has approved a $1.0 billion increase to its share repurchase program, expanding the total authorization to $1.458 billion. This decision aligns with the company's capital allocation priorities, which include investments, dividends, and share buybacks. In 2021, PulteGroup invested $4.0 billion in land acquisition and development, returned over $1.0 billion to shareholders, and reduced its debt-to-capital ratio to 21.3%. The company maintains a target debt-to-capital ratio of 20% to 30%.
The Pulte Family has published a book titled "The Home That Bill Pulte Built," offering insights into the life and teachings of William J. "Bill" Pulte, founder of PulteGroup (PHM:NYSE). Written by his grandson, the e-book is available for free for 30 days and aims to share life lessons with a focus on prioritizing God, family, and business. Bill Pulte's legacy continues through his family and the Pulte Family Charitable Foundation, which supports marginalized communities. The book can be accessed at pulte.org/ebook.
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PulteGroup's Built to Honor program has gifted a mortgage-free home to the family of fallen Green Beret Chief Warrant Officer 2 Michael Duskin in Fuquay-Varina, NC. Gold Star spouse Maggie Duskin received the home during a recent event, marking it as the first home dedicated to a Gold Star family in the Raleigh area. This event was celebrated with a fully furnished 2,800+ sq. ft. home, complete with holiday decorations. In 2021, the Built to Honor program delivered seven homes to veterans across multiple states, showcasing PulteGroup’s commitment to supporting military families.
PulteGroup recently celebrated the home dedication for U.S. Army Sergeant First Class Carl Roush, who received a mortgage-free home in Stallings, North Carolina, as part of the Built to Honor® program. This initiative, aimed at supporting wounded veterans, has now provided over 60 homes across the U.S. The Roush family toured their fully furnished, 2,500+ sq. ft. home, marking a significant milestone in their journey to homeownership. Steve Francis, president of PulteGroup’s Charlotte Division, expressed pride in welcoming the Roush family to their new home.
PulteGroup, Inc. (NYSE: PHM) will announce its fourth quarter 2021 financial results on February 1, 2022, before market opens. A conference call to discuss the results will take place at 8:30 a.m. ET the same day. Investors can access the call via a live audio webcast on the company's website, with a recording available within 24 hours.
PulteGroup, based in Atlanta, Georgia, is one of the largest homebuilders in the U.S., operating in over 40 markets and catering to diverse buyer groups.
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PulteGroup (NYSE: PHM) has announced a 7% increase in its quarterly cash dividend, raising it to $0.15 per share. This dividend will be payable on January 4, 2022, to shareholders of record by December 15, 2021. This marks the fourth consecutive year of dividend increases, totaling a 67% rise since 2018. The company credits its strong cash flows for this decision, which also supports ongoing land investment and share repurchase initiatives.
Black Knight, Inc. (NYSE:BKI) announced that Pulte Mortgage, a subsidiary of PulteGroup, Inc. (NYSE:PHM), will implement the MSP loan servicing system along with additional solutions to enhance their mortgage servicing operations. This adoption emphasizes automation and regulatory compliance. The MSP system supports various loan types, improving operational efficiency and customer experience. Pulte Mortgage will also utilize Black Knight's Customer Service solution and Actionable Intelligence Platform for better analytics and customer engagement.
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