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) 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.
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.
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%.
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.
Del Webb, a leading builder of active adult communities, announces the launch of its second community in the Twin Cities, named Kinsley by Del Webb. This development will feature over 265 ranch homes and an expansive amenity center exceeding 7,000 sq. ft. The community is strategically located to offer residents access to local amenities and outdoor spaces, including the nearby Firemen’s Park. Building on the success of its first community, Bellwether, Kinsley aims to cater to the growing demand for retirement living options in Minnesota, expected to open in Summer 2021.