Stock Track | PulteGroup Soars 5.08% on Strong Q4 Earnings, Massive Buyback and Upbeat Housing Outlook

Stock Track

Jan 30, 2025

PulteGroup Inc. (PHM) stock surged 5.08% in pre-market trading on Thursday after the homebuilder reported strong fourth-quarter results, driven by higher home sales and prices. The company's earnings of $4.43 per share and revenue of $4.92 billion surpassed Wall Street estimates, bolstered by a 6% increase in home closings to 8,103 units and an average selling price of $581,000.

The company's strong performance can be attributed to several factors. Firstly, PulteGroup utilized strategic sales incentives to boost home sales despite elevated mortgage rates, which impacted buyer demand as homebuyers continued to face affordability challenges. Additionally, the company announced a $1.5 billion increase to its share repurchase authorization, bringing the remaining buyback capacity to $2.1 billion, reflecting its commitment to returning excess funds to shareholders.

Furthermore, PulteGroup expressed confidence in the long-term outlook for the housing market. CEO Ryan Marshall stated that the company expects new home supply to continue to be absorbed without a significant increase in standing inventory, citing factors such as a longstanding housing shortage, labor availability challenges, and the expectation of lower activity in the resale market due to higher mortgage rates.

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(PHM) stock surged 5.08% in pre-market trading on Thursday after the homebuilder reported strong fourth-quarter results, driven by higher home sales and prices. The company's earnings of $4.43 per share and revenue of $4.92 billion surpassed Wall Street estimates, bolstered by a 6% increase in home closings to 8,103 units and an average selling price of $581,000.</p>\n\n<p>The company's strong performance can be attributed to several factors. Firstly, PulteGroup utilized strategic sales incentives to boost home sales despite elevated mortgage rates, which impacted buyer demand as homebuyers continued to face affordability challenges. Additionally, the company announced a $1.5 billion increase to its share repurchase authorization, bringing the remaining buyback capacity to $2.1 billion, reflecting its commitment to returning excess funds to shareholders.</p>\n\n<p>Furthermore, PulteGroup expressed confidence in the long-term outlook for the housing market. CEO Ryan Marshall stated that the company expects new home supply to continue to be absorbed without a significant increase in standing inventory, citing factors such as a longstanding housing shortage, labor availability challenges, and the expectation of lower activity in the resale market due to higher mortgage rates.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | PulteGroup Soars 5.08% on Strong Q4 Earnings, Massive Buyback and Upbeat Housing Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | PulteGroup Soars 5.08% on Strong Q4 Earnings, Massive Buyback and Upbeat Housing Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-30 23:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PulteGroup Inc. (PHM) stock surged 5.08% in pre-market trading on Thursday after the homebuilder reported strong fourth-quarter results, driven by higher home sales and prices. The company's earnings of $4.43 per share and revenue of $4.92 billion surpassed Wall Street estimates, bolstered by a 6% increase in home closings to 8,103 units and an average selling price of $581,000.</p>\n\n<p>The company's strong performance can be attributed to several factors. Firstly, PulteGroup utilized strategic sales incentives to boost home sales despite elevated mortgage rates, which impacted buyer demand as homebuyers continued to face affordability challenges. Additionally, the company announced a $1.5 billion increase to its share repurchase authorization, bringing the remaining buyback capacity to $2.1 billion, reflecting its commitment to returning excess funds to shareholders.</p>\n\n<p>Furthermore, PulteGroup expressed confidence in the long-term outlook for the housing market. CEO Ryan Marshall stated that the company expects new home supply to continue to be absorbed without a significant increase in standing inventory, citing factors such as a longstanding housing shortage, labor availability challenges, and the expectation of lower activity in the resale market due to higher mortgage rates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PHM","symbol_name":"普得集团","start_time":0,"source_url":"","article_id":"1139746121","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139746121","pubTimestamp":1738250562,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PulteGroup Inc.  stock surged 5.08% in pre-market trading on Thursday after the homebuilder reported strong fourth-quarter results, driven by higher home sales and prices. 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