PulteGroup (NYSE:PHM) Issues Earnings Results, Beats Estimates By $0.12 EPS

PulteGroup (NYSE:PHM) posted its quarterly earnings results on Wednesday. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12, Briefing.com reports. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 earnings per share.

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 Price Performance

PulteGroup stock opened at $126.27 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. PulteGroup has a 52 week low of $108.49 and a 52 week high of $144.49. The stock has a market capitalization of $24.05 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18. The stock has a fifty day moving average of $123.53 and a 200-day moving average of $125.18.

PulteGroup Dividend Announcement

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

More PulteGroup News

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: PulteGroup posted adjusted EPS of $2.48, topping Wall Street estimates, and revenue of $3.98 billion, also above forecasts. The beat suggests the company is still executing well despite a tougher housing backdrop. PulteGroup Reports Second Quarter 2026 Financial Results
• Positive Sentiment: New orders rose year over year, indicating demand is holding up better than some investors may have feared and providing a constructive sign for future deliveries. PulteGroup Q2 Earnings & Revenues Beat Estimates, New Orders Up Y/Y
• Neutral Sentiment: Management highlighted ongoing affordability pressure and market challenges, which is tempering enthusiasm because lower home closings, pricing, and margins show the industry is still under strain. PulteGroup Inc (PHM) Q2 2026 Earnings Call Highlights
• Negative Sentiment: Quarterly profit and revenue declined from a year ago, underscoring the impact of weaker home affordability and a softer housing market, which could limit upside if conditions do not improve. PulteGroup quarterly profit falls as home affordability pressure persists

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Seaport Research Partners reiterated a “sell” rating and issued a $100.00 target price (down from $155.00) on shares of PulteGroup in a research note on Tuesday, April 7th. Wells Fargo & Company boosted their price target on PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Bank of America dropped their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Citigroup raised their price target on PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.29.

PulteGroup declared that its Board of Directors has initiated a stock buyback 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 buy up to 6.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

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

Institutional Trading of PulteGroup

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of PulteGroup by 126.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock worth $502,366,000 after buying an additional 2,392,580 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of PulteGroup by 10.4% during the 4th quarter. First Trust Advisors LP now owns 4,000,920 shares of the construction company’s stock valued at $469,148,000 after acquiring an additional 377,003 shares in the last quarter. Invesco Ltd. grew its position in PulteGroup by 5.8% during the 4th quarter. Invesco Ltd. now owns 2,257,211 shares of the construction company’s stock worth $264,681,000 after acquiring an additional 123,793 shares during the last quarter. Caisse de depot et placement du Quebec increased its holdings in PulteGroup by 22.7% in the 4th quarter. Caisse de depot et placement du Quebec now owns 1,987,436 shares of the construction company’s stock worth $233,047,000 after purchasing an additional 367,409 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in PulteGroup by 13.1% in the 2nd quarter. Bank of America Corp DE now owns 1,755,241 shares of the construction company’s stock worth $185,108,000 after purchasing an additional 202,870 shares in 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.