PulteGroup (PHM)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-07-08
$122.94-5.37%
Close 2026-07-08 · 1-day change
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Track PHM free→PulteGroup plans to grow communities 3% to 5% yearly. It raised its buyback program by $1.5 billion. The company aims to keep strong cash flow. The stock trades cheap with a PE of 12.6.
Sales fell 12% last quarter and missed earnings twice. Cash flow was negative in late 2025. Legal issues may hurt cash and capital use.
The price is about 13% below our fair value near $141. Analysts expect about 1% revenue growth. Our fair value is 6% below the Street median.
Breaks if: cash flow remains negative or worsens
Continue to focus on generating strong cash flows through disciplined asset management.
Stated in 2 of last 2 quarters. Despite the focus on generating strong cash flows, cash from operating activities was -$80.8 million in 2025-Q4, indicating challenges in achieving this priority. The recurring emphasis on cash flow generation contrasts with the negative cash flow reported, suggesting limited progress.
Breaks if: community growth falls below 3% annually
Focus on developing a land pipeline to support 3% to 5% annual community count growth.
Breaks if: no further buyback increases or buybacks stop
Expand the share repurchase program with a $1.5 billion increase.
Stated in 2 of last 2 quarters. The company repurchased $300 million of common shares in 2025-Q4 and announced a $1.5 billion increase in its share repurchase program in 2026-Q1. This indicates a strong focus on capital allocation through share buybacks, with substantive delivery in the form of announced increases.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Focused on intelligently turning assets and generating strong cash flows.”
“Emphasized maintaining strong cash flows.”
“Announced a $1.5 billion increase in its share repurchase program.”
“Repurchased $300 million of common shares in the quarter.”