PulteGroup (PHM) announced that its Board of Directors has approved a $1.5 billion increase to the company's share repurchase authorization. This increase brings the current share repurchase authorization to $2.1 billion.
Ryan Marshall, PulteGroup President and CEO, said: "Over the past 10 years, we have invested $38 billion into our business while returning $9 billion to shareholders through dividends and share repurchases."
In the first quarter, the company repurchased 2.4 million of its common shares outstanding for $308 million, or an average price of $127.39 per share. The company ended the quarter with a debt-to-capital ratio of 12.3%, and a cash balance of $1.8 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.