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PulteGroup Inc (PHM.N)

PHM.N on New York Stock Exchange

35.15USD
22 Jan 2018
Change (% chg)

$0.55 (+1.59%)
Prev Close
$34.60
Open
$34.61
Day's High
$35.19
Day's Low
$34.50
Volume
836,003
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1,180,387
52-wk High
$35.19
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$19.02

Latest Key Developments (Source: Significant Developments)

PulteGroup sees Q4 home deliveries of 6,400 to 6,700 units
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pultegroup Inc ::Damage from hurricanes to Pulte's communities in Texas, Florida, and the Carolinas was minimal - CEO on conf call‍​.Process of closing down and reopening communities resulted in loss of numerous selling, construction days across major markets."Buyer demand is robust in the quarter and slowdowns caused by hurricanes Harvey and Irma were significant" - CEO on conf call.Incurring higher prices for labor and the associated materials - CEO on conf call.Sees Q4 home deliveries of 6,400 to 6,700 units - Conf call.Expect Q4 gross margins to come in toward the lower end of previous guidance range of 23.6% to 24.1% - conf call.  Full Article

PulteGroup reports third quarter 2017 financial results
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pultegroup Inc :PulteGroup reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.60 excluding items.Q3 earnings per share $0.58.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.PulteGroup Inc - ‍unit backlog at quarter end increased 15% to 10,823 homes; backlog value at quarter end increased 26% to $4.7 billion​.Pultegroup inc qtrly ‍unit backlog increased 15% to 10,823 homes​.PulteGroup Inc qtrly ‍backlog value increased 26% to $4.7 billion​.PulteGroup Inc - ‍home sale revenues for Q3 increased 9% over prior year to $2.1 billion​.PulteGroup Inc qtrly total revenues $‍2.13​ billion versus $1.94 billion last year.Q3 revenue view $2.30 billion -- Thomson Reuters I/B/E/S.PulteGroup Inc - ‍net new orders for Q3 increased 11% to 5,300 homes.PulteGroup Inc says ‍U.S. new home sales for 2017 are expected to grow a "healthy" 5% to 10% over last year​.  Full Article

Pultegroup CEO Dugas reports sale of 243,115 shares of co's common stock
Wednesday, 27 Jul 2016 

Pultegroup Inc :Pultegroup Inc CEO Richard Dugas reports sale of 243,115 shares of co's common stock on July 25 - sec filing.  Full Article

Pultegroup files for senior notes offering of upto $600 mln
Tuesday, 26 Jul 2016 

Pultegroup Inc : Files for senior notes offering of upto $600 million -SEC filing . Senior notes will be issued only in registered form in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof Source: (http://bit.ly/2aHmjWp) Further company coverage: [PHM.N] ((Bengaluru Newsroom: +1 646 223 8780;)).  Full Article

PulteGroup expects ASPs to gradually move higher over coming qtrs - Conf Call
Thursday, 21 Jul 2016 

PulteGroup Inc : Says expect asps to continue to gradually move higher over coming quarters . Says sees margins of the remaining two quarters to be 21.2-21.7 pct, down slightly from prior guidance of 21.5-22 pct . Says remains on track to deliver full year margins of 21.5 pct . Says see higher labor and material cost continuing to put slight pressure on margins . Says on track to invest about $1.6 bln, including the purchase of the Wieland assets, in new land positions in 2016 . Says U.S. housing continues to move along the slow recovery path . Says final candidate selection for co's board of directors was result of fruitful collaboration, discussion with Elliott . Says hopes that CEO search committee would be able to wrap up their work over next couple of months Further company coverage: [PHM.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Pultegroup reports Q2 earnings per share $0.34
Thursday, 21 Jul 2016 

Pultegroup Inc : Pultegroup reports second quarter 2016 financial results, announces next phase of value creation plan and adds three experienced executives to its board of directors . Q2 earnings per share $0.34 . Q2 earnings per share view $0.32 -- Thomson Reuters I/B/E/S . Says home sale revenues for q2 increased 41% over prior year to $1.8 billion. . Qtrly unit backlog increased 8% to 9,679 homes . Says value of net new orders in q2 increased 21% to $2.1 billion . Plans to repurchase $250 million of its shares in each of third and fourth quarters of 2016 and $1.0 billion of its shares in 2017 . Plan to use expected strong cash flows from operations to help fund repurchase of $1.5 billion of our shares over next 6 quarters . Q2 earnings per share view $0.32, revenue view $1.66 billion -- Thomson Reuters I/B/E/S . Qtrly net new orders up 11% to 5,697 homes- backlog value increased 21% to $3.7 billion . Says value of net new orders in q2 increased 21% to $2.1 billion . Says backlog value increased 21% over prior year to $3.7 billion, while number of homes in backlog increased 8% to 9,679 homes . Says "plan to slow rate of growth in our land spend going forward" . Q2 total revenues $1.79 billion versus $1.28 billion last year.  Full Article

Pultegroup Inc - Entered into an amended and restated credit agreement
Friday, 1 Jul 2016 

Pultegroup Inc : Entered into an amended and restated credit agreement providing for a senior, unsecured revolving credit facility . Facility has an uncommitted accordion feature under which company may increase aggregate commitment amount to $1.25 billion . Amendment increases revolving credit facility amount from $500 million to $750 million, extends maturity date from July 21, 2017 to June 28, 2019 Source - http://1.usa.gov/299ZoDW (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Elliott's PulteGroup stake larger than 4 pct but under 5 pct threshold that would require SEC filing-CNBC
Tuesday, 7 Jun 2016 

:Elliott's PulteGroup stake larger than 4 pct but under 5 pct threshold that would require SEC filing- CNBC, citing sources.  Full Article

Elliott Management takes stake in PulteGroup - CNBC, citing sources
Tuesday, 7 Jun 2016 

: Elliott Management takes stake in PulteGroup - CNBC, citing sources Further company coverage: [PHM.N] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Pultegroup Inc announces quarterly cash dividend of $0.09 per share
Thursday, 5 May 2016 

Pultegroup Inc:Board of Directors has declared a quarterly cash dividend of $0.09 per common share payable July 1, 2016, to shareholders of record on June 9, 2016.  Full Article

WRAPUP 2-Cold weather chills U.S. homebuilding; jobless claims at 45-year low

WASHINGTON, Jan 18 U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units.