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An Investor’s Guide to PulteGroup

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A quick look into PulteGroup’s history

PulteGroup (PHM) was founded in 1950 by William J. Pulte. In the six decades since then, PulteGroup has expanded to 49 markets located throughout 26 states. The company went public in 1969 as Pulte Home Corporation. PulteGroup is also a Fortune 500 company with a rank of 453 in 2015, compared to Lennar at 364 and D.R. Horton at 354. In 2014, the company decided to shift its corporate office from Michigan to Atlanta in order to be closer to its customers and a larger portion of its investment portfolio.

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Major shareholders 

As of April 2015, PulteGroup’s shares outstanding stood at 364.61 million. Major institutional shareholders include the Vanguard Group with a stake of 6.75%, followed by Wellington Management Company at 5.84%, and State Street with 4.42%.

Competitors

PulteGroup is one of the largest homebuilding companies in the US. The company’s major competitors in the homebuilding space include Texas-based D.R. Horton (DHI), Miami-based Lennar (LEN), Pennsylvania-based Toll Brothers (TOL), and LA-based KB Homes (KBH).

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Preview of the series

In this series, we’ll take you through an overview of PulteGroup’s business. We’ll begin by taking a closer look at the homebuilding operations, its largest business, and then move into PulteGroup’s strategy to remain competitive in the market.

We will then look at PulteGroup’s financial performance on various metrics and valuations, as well as ETFs such as the SPDR S&P Homebuilders ETF (XHB) and the iShares Dow Jones US Home Construction Index Fund (ITB) that provide exposure to homebuilder stocks.

Series content

Investing in PulteGroup: A Must-Know Company Overview

What Are PulteGroup’s Key Business Segments?

An Overview of PulteGroup’s Geographically Diversified Homebuilding Business

What Is PulteGroup’s Market Segmentation Strategy?

Understanding PulteGroup’s Land Acquisition Strategy

What Is PulteGroup’s Acquisition Growth Strategy?

How Does PulteGroup Plan to Increase Shareholder Returns?

Why PulteGroup Saw a Modest Rise in Sales Order Backlog

PulteGroup Saw Modest Rise in Average Selling Price in 2014

Why Home Closings Declined in Most of PulteGroup’s Regions in 2014

Why PulteGroup Reported Flat Revenue Growth

What Was PulteGroup’s Cost Structure Breakdown in 2014?

Why PulteGroup’s Gross Margin Is Under Pressure

What Does PulteGroup’s EBITDA Margin Say?

Must-know: PulteGroup’s Debt to Equity is Lowest in the Industry

PulteGroup’s Return on Invested Capital One of the Highest among Peers

Highlights of PulteGroup’s Second Quarter Results

PulteGroup Trades at Lowest EV/EBITDA Multiple among Peers

How to Invest in PulteGroup through ETFs

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