PulteGroup, Inc. (PHM)

In the past six months, PulteGroup's stock has been influenced by several factors. The company reported strong financial results for the first quarter of 2025, with earnings per share (EPS) surpassing forecasts and revenue exceeding expectations, leading to a surge in stock price. Despite this, net new orders in Q1 2025 were down year-over-year, driven by ongoing affordability challenges and economic uncertainty. PulteGroup has continued to focus on balancing price and pace to drive returns, adjusting its starts pace to better match demand and reduce excess speculative inventory. Other notable events include the announcement of a quarterly cash dividend of $0.22 per share in May 2025. PulteGroup was also named to the Fortune 100 Best Companies to Work For® List for the fifth consecutive year in April 2025. The company is scheduled to release its second-quarter 2025 financial results on July 22, 2025.

PulteGroup experiences variability in its quarterly results due to the seasonal nature of the business. The company generally sees increases in revenues and cash flow from operations during the fourth quarter, driven by the timing of home closings. The U.S. housing market typically follows seasonal patterns, with more buying and selling activity occurring in the spring and summer months and fewer transactions and softer demand in the fall and winter. PulteGroup monitors its production levels in response to buyer demand, especially heading into the spring selling season.

PulteGroup, Inc. is one of the largest homebuilding companies in the United States, specializing in the acquisition and development of land for residential purposes and the construction of housing on that land. The company's core business, homebuilding, generated 98% of its consolidated revenues in 2024. PulteGroup operates within the Consumer Cyclical sector, specifically in the Residential Construction industry. PulteGroup offers a broad product line to meet the needs of various homebuyers, including first-time, move-up, and active adult buyers. In addition to homebuilding, PulteGroup also has financial services businesses, including mortgage banking, title, and insurance agency operations, primarily through Pulte Mortgage LLC.

PulteGroup's homebuilding operations are geographically diverse within the U.S. In 2024, the company operated out of an average of 945 active communities in 46 markets across 25 states. They have a strong presence in regions such as Florida, Texas, the Northeast, Southeast, Midwest, and West. While their primary focus is domestic, PulteGroup has also had an international segment focusing on housing development in regions like Mexico, Puerto Rico, and Argentina, targeting first-time and middle-to-upper income consumer groups.

PulteGroup maintains a strong brand portfolio and their brand reputation has been positively impacted by consistent recognition as a top employer. The company was named to the Fortune 100 Best Companies to Work For® List for the fifth consecutive year in April 2025, and their "Built to Honor" program celebrated its 100th home for a hero in April 2025. The company's focus on quality and customer satisfaction is also a key aspect of their brand. The broader housing market has faced challenges such as elevated interest rates, affordability concerns, and supply chain disruptions, which can indirectly affect the perception of homebuilders.

PulteGroup, Inc. is primarily owned by institutional shareholders, who hold approximately 90.40% of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Franklin Resources Inc., State Street Corp, Fmr Llc, Greenhaven Associates Inc., and Geode Capital Management, Llc. The largest individual shareholder is William J. Pulte, who owns 19.07% of the company's shares.