- PulteGroup (NYSE:PHM) +1% after-hours on news that its board approved a $500M increase to its share repurchase authorization, raising the company's total buyback program to $762M.
- PHM says it ended Q1 with $1.1B of cash and $1.8B of total available liquidity, allowing the flexibility to execute on its capital allocation objectives.
- PHM also says it will begin a cash tender offer for $300M of its 4.250% senior notes due 2021.
PulteGroup adds $500M to stock buyback program
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| Symbol | Last Price | % Chg |
|---|---|---|
| PHM | - | - |
| PulteGroup, Inc. | ||