Pultegroup Stock Price, News & Analysis

Del Webb, the leading builder of 55+ active adult communities, has announced the successful launch of Del Webb Hickory Greens near Cleveland, Ohio. The community saw remarkable demand with 50 homes sold within the first 30 days of opening.

The 622-home development spans 325 acres and features a 14,000-square-foot amenity center with indoor and outdoor pools, pickleball courts, and a fitness center. A unique 10,000-square-foot indoor Raquet Club includes pickleball courts and a golf simulator. The community offers 170 acres of green space, walking trails, a dog park, and a community garden.

Two distinct home collections are available: the Cottage Series (1,501-1,595 sq. ft.) and Retreat Series (1,647-2,026 sq. ft.), with prices starting in the upper $300s. Located in Columbia Township, the community provides easy access to Cleveland amenities, being just 30 minutes from downtown and 15 minutes from Cleveland Hopkins International Airport.

Vestis (NYSE: VSTS) announced a significant leadership change with the immediate appointment of Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer. Holloman replaces Kim Scott, who has departed from both the company and its Board of Directors.

Holloman, who has served as Chairman of the Vestis Board since 2023, brings extensive industry experience from his 22-year career at Cintas, where he held various executive positions including president and chief operating officer. He currently serves on the Board of Directors for Pulte Group and the BlackRock Fixed Income Board.

The Board has engaged a leading executive search firm to identify Vestis' next permanent President and CEO. This transition comes as Vestis completes its first fiscal year as a public company.

PulteGroup (NYSE: PHM) has launched Del Webb Explore, a new resort lifestyle-inspired brand extending beyond its traditional 55-plus demographic. The brand targets Gen X buyers seeking luxury, resort-style communities without age restrictions.

The first Del Webb Explore communities are launching in Southern California and the Tampa Bay Area. Del Webb Explore Palm Desert, opening February 15th, 2025, will feature 332 units on 71 acres. The North River Ranch location between Tampa and Sarasota will include 901 homes on 413 acres.

Market research revealed that 40% of potential Del Webb buyers desired the brand's active lifestyle without age limitations. Communities will feature amenities like state-of-the-art clubhouses, fitness centers, pools, pickleball courts, and walking trails. Homes include open-concept floor plans, luxurious finishes, and flexible spaces designed for multi-generational living.

PulteGroup, Inc. (NYSE: PHM) has announced the schedule for its first quarter 2025 financial results release and conference call. The company will publish its Q1 2025 results before market opening on Tuesday, April 22, 2025, followed by a conference call at 8:30 a.m. (ET) on the same day to discuss the quarterly performance.

Investors and interested parties can access the live audio webcast of the call on PulteGroup's website by visiting www.pultegroup.com and selecting the Events & Presentations link under the Investor Relations tab. Participants are advised to log on five minutes prior to the call. For those who prefer to join by phone, the dial-in number is (888) 440-6928 with conference ID 6106699.

The call will be recorded and available for audio replay within 24 hours, with an archive of the conference call accessible on the PulteGroup website.

PulteGroup (NYSE: PHM) has successfully piloted robotic-assisted construction technology at its DiVosta community of TerraWalk at Babcock Ranch, America's first solar-powered town. The company partnered with Australian-based FBR, utilizing their Hadrian X® system, an AI-guided construction robot capable of building structural walls in a single day.

The automated system uses an advanced robotic arm to place concrete blocks secured with a specialized adhesive that bonds twice as strong as traditional mortar. This marks one of only 10 homes in the United States constructed using this advanced system. The innovative construction method enhances safety, minimizes waste, and accelerates build times while maintaining PulteGroup's signature quality.

The pilot is part of PulteGroup's Innovation Way living laboratory at Babcock Ranch, where the company tests various emerging technologies including Ford F-150 Lightning power backup solutions, sustainable building practices, and smart home automation.

PulteGroup (NYSE: PHM) has announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share. The dividend will be payable on April 2, 2025, to shareholders who are recorded as holders at the close of business on March 18, 2025.

PulteGroup (NYSE: PHM) has announced a $100,000 investment in scholarships through a partnership with The SkillPointe Foundation, launching its expanded 'Build Your Future' scholarship program. The initiative, commemorating PulteGroup's 75th anniversary, will award 20 scholarships to support both university students in construction-related fields and individuals pursuing skilled trades careers.

The program specifically targets high school students interested in trades careers, while maintaining opportunities for university education in construction fields. For bachelor or graduate degrees, the focus states are Florida, Georgia, North Carolina, South Carolina, and Texas. For associate, technical degrees, or skilled trade certifications, the program focuses on Florence, South Carolina, and Cove Springs, Florida. Applications are open until April 30, 2025.

PulteGroup (NYSE: PHM) has announced a $1.5 billion increase to its share repurchase authorization, bringing the total remaining authorization to $2.1 billion. The announcement follows a year of record earnings and strong operational cash flows. The company also implemented a 10% dividend increase in Q4 2024.

In 2024, PulteGroup returned $1.4 billion to shareholders through dividends and share purchases. Over the past decade, the company has returned more than $8.4 billion to shareholders. Since the program's initiation in 2013, PulteGroup has repurchased over 50% of its outstanding shares.

PulteGroup (PHM) reported strong Q4 2024 financial results with net income of $913 million, or $4.43 per share, including a pre-tax insurance benefit of $255 million ($0.93 per share). Home sale revenues increased 13% to $4.7 billion, driven by a 6% increase in closings to 8,103 homes. The average selling price rose 6% to $581,000.

The company's home sale gross margin was 27.5%, while homebuilding SG&A expense was 4.2% of home sale revenues. Net new orders reached 6,167 homes valued at $3.5 billion, a 4% increase year-over-year. The company maintained a strong financial position with $1.7 billion in cash and a debt-to-capital ratio of 11.8%.

During Q4, PHM repurchased 2.5 million shares for $320 million and announced a $1.5 billion increase to its share repurchase authorization, bringing the total to $2.1 billion.