Edition:
United States

PulteGroup Inc (PHM)

PHM on New York Consolidated

19.81USD
23 Sep 2016
Change (% chg)

$-0.05 (-0.25%)
Prev Close
$19.86
Open
$19.81
Day's High
$19.99
Day's Low
$19.72
Volume
3,918,443
Avg. Vol
4,676,110
52-wk High
$22.40
52-wk Low
$14.61

Latest Key Developments (Source: Significant Developments)

PulteGroup names Ryan Marshall chief executive officer
Thursday, 8 Sep 2016 08:30am EDT 

PulteGroup Inc : PulteGroup names Ryan Marshall chief executive officer . Says Marshall succeeds Richard J. Dugas, Jr .Dugas will continue as executive chairman of board through company's 2017 annual meeting of shareholders..  Full Article

Pultegroup appoints Bill Pulte to its board of directors
Thursday, 8 Sep 2016 08:30am EDT 

Pultegroup Inc : Pultegroup appoints Bill Pulte, grandson of company's founder, to its board of directors . Entered into an agreement with company founder William J. Pulte and certain related parties . Agreement provides, signatories will vote in favor of board nominees, so long as founder's grandson Bill Pulte serves on board . Signatories to agreement own an aggregate of 30.7 million, or approximately 9.0%, of currently outstanding shares of company .Debra Kelly-Ennis to retire from Pultegroup board.  Full Article

PulteGroup announces quarterly cash dividend of $0.09 per share
Thursday, 8 Sep 2016 07:39am EDT 

PulteGroup Inc :PulteGroup announces quarterly cash dividend of $0.09 per share.  Full Article

Pultegroup CEO Dugas reports sale of 243,115 shares of co's common stock
Wednesday, 27 Jul 2016 06:03pm EDT 

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 08:00am EDT 

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 09:43am EDT 

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 05:45am EDT 

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 09:18am EDT 

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 01:42pm EDT 

: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 01:38pm EDT 

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

PulteGroup names new CEO, adds founder's grandson to board

Sept 8 U.S. homebuilder PulteGroup Inc said it appointed Ryan Marshall chief executive, effective immediately.