Pulte

The board of directors of PulteGroup has declared a quarterly dividend of $0.26 per share of common stock. The dividend will be paid on October 2, 2026 to shareholders of record at the close of business on September 15, 2026. PulteGroup is a homebuilding company based in Atlanta and operates in more than 45 U.S. markets under brands such as Pulte Homes, Centex, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods. » More on de.investing.com

Wolfe Research upgraded PulteGroup to Outperform, citing that its 2026 EPS estimate fell only 2.7% since the start of the year versus a 21.4% average cut for peers. The upgrade helped lift PulteGroup shares about 1.8% pre-market, supported by a Q2 EPS beat of $2.48. Citizens kept a Market Outperform rating with a $145 price target, highlighting strong demand from move-up buyers and active adult communities. » More on finance.yahoo.com

PulteGroup has created a new division called "Florida Panhandle" and announced an expansion into northwest Florida. Taylor Larza was named vice president and market manager of the unit. The company has already signed a construction partnership with The St. Joe Company and a contract for 1,326 home sites (with options for up to 2,653) in Bay County; initial land development work is scheduled to begin in 2027. Planned homes will be built under the Pulte Homes, Del Webb and Divosta brands. » More on de.investing.com

PulteGroup reported Q2 net new orders up 6% year over year to 7,536 homes and order value up 5% to $4.1 billion, while home sale revenue fell to $3.8 billion and EPS declined to $2.48 due to fewer closings and a lower average sales price. Homebuilding gross margin held near 25% and incentives eased sequentially to 10.4%, supported by disciplined land buying, lower build costs and a stronger mix in Florida. The company reaffirmed full-year guidance of 28,500–29,000 closings and 24.5%–25.0% gross margin, expects about $1 billion operating cash flow for 2026, and continues a shift toward build-to-order homes while investing heavily in land (about $2.7 billion YTD). » More on finance.yahoo.com

The options market is signaling an implied move of 4.8% for PulteGroup ahead of the earnings release on July 22. Historically the stock has exceeded these implied moves in five of the last eight quarterly reports, most recently with an 8.1% reaction in April. Investors should expect heightened volatility around the results. » More on de.investing.com