Core Viewpoint - PulteGroup (NYSE: PHM) remains a top choice in the homebuilding industry for 2025, having increased over 12% since previous coverage, indicating strong performance and potential for continued growth [1]. Company Summary - PulteGroup has been rated a "Buy" since April 2024, reflecting positive sentiment and investment potential within the homebuilding sector [1]. - The company has shown a total return that is competitive within the industry, suggesting effective management and strategic positioning [1]. Industry Summary - The homebuilding industry is experiencing a favorable market environment, with companies like PulteGroup leading the way in performance metrics [1].

Core Viewpoint - PulteGroup reported strong Q3 2024 earnings and revenues, exceeding estimates and showing year-over-year growth, despite a recent decline in share price [2][6]. Financial Performance - Earnings per share were $3.35, surpassing the Zacks Consensus Estimate of $3.10 by 8.1% and increasing 16% from $2.90 a year ago [6]. - Total revenues reached $4.48 billion, exceeding the consensus mark of $4.26 billion by 5.1% and up 12% from $4 billion in the previous year [6]. Operational Highlights - The company successfully executed a balanced spec and build-to-order model, benefiting from a structural shortage of homes due to years of underbuilding [3]. - Home closings increased by 12% year over year to 7,924 units, with an average selling price of homes delivered at $548,000, nearly unchanged from the previous year [8]. Segment Analysis - Homebuilding segment revenues rose 12% year over year to $4.3 billion, driven by increased home sales, while land sale revenues decreased [7]. - Financial Services segment revenues surged 48.4% year over year to $113.8 million, with pretax income increasing 90% to $55 million [11]. Investment and Returns - PulteGroup invested approximately $1.4 billion in its business during the quarter and returned over $360 million to shareholders, achieving a return on equity of 27% over the past 12 months [4]. Market Outlook - The Federal Reserve's decision to lower interest rates in late September is expected to positively impact the homebuilding industry, addressing affordability challenges for homebuyers [5]. - For Q4 2024, PulteGroup anticipates closing between 7,900 and 8,300 homes, with an expected average selling price of $555,000 to $565,000 [15]. Guidance and Projections - The company projects nearly 31,000 home closings for 2024, with a gross margin of approximately 29% and SG&A expenses between 9.2% and 9.5% of home sales [16]. - The backlog of orders decreased by 10.8% year over year to 12,089 units, with potential housing revenues from the backlog down to $7.69 billion from $8.13 billion [9].

PulteGroup, Inc. (PHM) announced a 10% hike in its quarterly cash dividend, reaffirming its commitment to boost shareholders’ value. This strategic move marks the sixth yearly increase in its dividend since 2019.This is one of the top 10 homebuilders that raised the quarterly dividend payout to 22 cents per share from 20 cents. The amount will be paid on Jan. 3, 2025, to shareholders of record as of Dec. 17, 2024. Impressively, PHM has doubled the per-share payout in the past six years.Based on yesterday’s ...

Company Overview - PulteGroup Inc. is based in Atlanta, GA, and operates in homebuilding and financial services, with homebuilding contributing 98% to total revenues as of 2023 [11]. - The company has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a moderate investment outlook [11]. Growth Potential - PulteGroup is considered a top pick for growth investors, with a Growth Style Score of B, forecasting year-over-year earnings growth of 14.5% for the current fiscal year [12]. - In the last 60 days, five analysts have revised their earnings estimates upwards, with the Zacks Consensus Estimate increasing by $0.06 to $13.42 per share [12]. - The company has an average earnings surprise of 10.9%, suggesting strong performance relative to expectations [12].

As the Federal Reserve announced its long-anticipated rate cut, markets are abuzz with the potential impact on the housing sector. PulteGroup Inc. (PHM) , a leading U.S. homebuilder, finds itself at an intriguing juncture as investors speculate how this policy shift might influence housing demand, construction activity, and ultimately, PulteGroup’s stock performance.The Federal Reserve announced a quarter-point reduction in its benchmark interest rate yesterday, lowering it to a range of 4.5% to 4.75%. This ...

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Group 1 - PulteGroup's shares fell by 7% following disappointing Q3 earnings [1] - The Federal Reserve's 50 basis point rate cut has not positively impacted the housing sector, with mortgage rates actually increasing [1]

PulteGroup Today PHM PulteGroup $133.78 -10.48 (-7.26%) 52-Week Range $68.80 ▼ $149.47 Dividend Yield 0.60% P/E Ratio 10.20 Price Target $141.14 Add to Watchlist There are discussions in mainstream media suggesting a housing shortage to explain current affordability challenges in real estate. However, with rising listings and inventories, the picture appears more nuanced. PulteGroup Inc. NYSE: PHM recently reported quarterly earnings, causing the stock to dip over 6% in one day, reflecting market concerns. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-9804 PULTEGROUP, INC. (Exact name of registrant as specified in its charter) Michigan 38-2766606 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...

PulteGroup Inc. (PHM) reported impressive results in the third quarter of 2024, wherein earnings and total revenues handily beat the Zacks Consensus Estimate and grew year over year. The quarter's result reflects the successful execution of the company's balanced spec and build-to-order operating model. This, alongside the structural shortage of homes from years of underbuilding, continued to favor the company. Thanks to such tailwinds, the home closings during the quarter grew year over year resulting in r ...