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COLUMBUS, Ohio - PulteGroup (NYSE:PHM), the $23.5 billion homebuilding giant with a "GREAT" financial health rating according to InvestingPro, announced it will introduce two new Del Webb communities to the Columbus market in Spring 2026, expanding the active-adult brand’s Midwest presence. The company, which currently appears undervalued based on InvestingPro’s Fair Value analysis, continues to demonstrate strong market positioning with $17.7 billion in revenue over the last twelve months.
The developments include Del Webb Maygrass in Plain City, designed for residents 55 and older, and Del Webb Explore at Northstar in Sunbury, which will offer the brand’s amenities to homebuyers of all ages. This expansion comes as PulteGroup maintains robust financial metrics, including an impressive current ratio of 6.41, indicating strong ability to fund new developments.
Del Webb Maygrass will feature 711 homes across 353 acres with more than 175 acres of open space, preservation areas, and nature trails. The community will include a 16,000 square-foot clubhouse with indoor and outdoor pools, fitness center, golf simulator, and various recreational facilities.
Del Webb Explore at Northstar, part of the master-planned Northstar Community, will offer 570 homes on 256 acres surrounding the NorthStar Golf Club. The property will include a 14,500 square-foot clubhouse with fitness center, game room, and event spaces.
"Throughout the Midwest, we’ve seen strong interest from active-adult homebuyers that want the vibrant lifestyle and world-class amenities that Del Webb has to offer," said Jim Marcero, PulteGroup’s Columbus Division President, in a press release statement.
Both communities will offer single-story homes ranging from 1,502 to 2,754 square feet, with options to expand up to 3,590 square feet with additional loft space. Construction has already begun at both locations.
The Columbus developments mark Del Webb’s second and third locations in Ohio, joining Del Webb Hickory Greens near Cleveland. The brand now has communities in major Midwestern markets including Chicago, Indianapolis, Detroit, and Minneapolis. For investors seeking deeper insights into PulteGroup’s expansion strategy and financial outlook, InvestingPro offers comprehensive analysis through its Pro Research Report, available as part of its coverage of 1,400+ US equities.
In other recent news, PulteGroup reported stronger-than-expected earnings for the second quarter of 2025, with earnings per share reaching $3.03, surpassing the forecast of $2.95. The company’s revenue also slightly exceeded expectations, coming in at $4.4 billion compared to the projected $4.38 billion. BofA Securities raised its price target for PulteGroup to $140, citing strong margins, while UBS increased its target to $150, despite slightly lowering its earnings per share estimates for 2025 through 2027. Seaport Global Securities upgraded PulteGroup’s stock rating from Neutral to Buy, setting a price target of $155, based on stabilizing fundamentals and favorable second-quarter 2025 guidance. These developments reflect a positive outlook for PulteGroup, with multiple analyst firms adjusting their ratings and price targets in response to the company’s recent performance.
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