PulteGroup (NYSE:PHM) Releases Quarterly Earnings Results

PulteGroup (NYSE:PHM) issued its quarterly earnings results on Wednesday. The construction company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12, Briefing.com reports. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year.

Here are the key takeaways from PulteGroup’s conference call:

• PulteGroup said Q2 orders rose 6% year over year to 7,536 homes, with gains across all buyer groups, while backlog remained solid at 10,966 homes.
• The company reported gross margin of 25% in Q2, helped by lower build costs, improved mix, and a 50 bps sequential decline in incentives to 10.4% of revenue.
• PulteGroup continued its shift back to build-to-order, with BTO representing 45% of new orders in Q2 and finished spec inventory falling to 1.3 homes per community.
• Management reaffirmed full-year 2026 guidance, including 28,500-29,000 closings, gross margin of 24.5%-25.0%, and SG&A at 9.5%-9.7% of home sales revenue.
• Demand was strongest in Florida and improved in several other regions, including parts of the Midwest, Southeast, and Texas, while the company highlighted early signs of stabilization in the broader market.

PulteGroup Stock Down 1.7%

PulteGroup stock opened at $124.64 on Friday. The company’s 50-day moving average price is $123.75 and its two-hundred day moving average price is $125.22. The company has a current ratio of 0.78, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.61 and a beta of 1.18. PulteGroup has a 52 week low of $108.49 and a 52 week high of $144.49.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th were given a $0.26 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 10.06%.

PulteGroup announced that its board has approved a stock repurchase plan on Thursday, April 23rd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

PulteGroup News Roundup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: PulteGroup beat Q2 earnings estimates with $2.48 per share versus expectations around $2.36–$2.38, and revenue of $3.98 billion also came in above forecasts. PulteGroup Reports Second Quarter 2026 Financial Results
• Positive Sentiment: New orders increased year over year, suggesting demand remains resilient despite a tough housing market. PulteGroup Inc (PHM) Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Management said it is navigating ongoing market challenges, with affordability pressure and softer pricing still limiting margin expansion. PulteGroup, Inc. (PHM) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Net income fell to $472 million from $608 million a year ago, and revenue declined 9.6% year over year, reinforcing concerns that higher home prices and mortgage costs are slowing the business. PulteGroup Profit Falls on Declining Revenue

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of PulteGroup from $136.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada increased their target price on PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday. UBS Group restated a “buy” rating and set a $166.00 price target on shares of PulteGroup in a research note on Thursday. Wells Fargo & Company raised their price objective on PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average target price of $143.43.

Insider Activity at PulteGroup

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at $3,372,000. This represents a 20.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lila Snyder sold 3,339 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the sale, the director owned 3,540 shares of the company’s stock, valued at $414,817.20. The trade was a 48.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.75% of the company’s stock.

Institutional Trading of PulteGroup

Several institutional investors have recently bought and sold shares of the stock. DV Equities LLC acquired a new position in PulteGroup during the 4th quarter worth $32,000. Strive Financial Group LLC bought a new position in PulteGroup in the fourth quarter valued at approximately $42,000. Sfam LLC acquired a new position in PulteGroup in the 4th quarter worth $47,000. Fulcrum Asset Management LLP acquired a new position in PulteGroup during the third quarter worth $47,000. Finally, Transamerica Financial Advisors LLC boosted its position in PulteGroup by 73.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 423 shares of the construction company’s stock valued at $50,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.