D.R. Horton, Inc. (DHI)
| Market Cap | 41.97B |
| Revenue (ttm) | 35.46B |
| Net Income (ttm) | 4.75B |
| Shares Out | 333.18M |
| EPS (ttm) | 13.82 |
| PE Ratio | 9.11 |
| Forward PE | 8.99 |
| Dividend | $1.20 (0.95%) |
| Ex-Dividend Date | Nov 20, 2023 |
| Volume | 1,120,742 |
| Open | 126.10 |
| Previous Close | 126.27 |
| Day's Range | 125.28 - 126.87 |
| 52-Week Range | 82.69 - 132.30 |
| Beta | 1.54 |
| Analysts | Buy |
| Price Target | 135.00 (+7.18%) |
| Earnings Date | Jan 23, 2024 |
About DHI
D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as townhomes, duplexes, and triplexes. It also provides mortgage financing ser... [Read more]
Financial Performance
In 2023, D.R. Horton's revenue was $35.46 billion, an increase of 5.92% compared to the previous year's $33.48 billion. Earnings were $4.75 billion, a decrease of -18.98%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for DHI stock is "Buy." The 12-month stock price forecast is $135.0, which is an increase of 7.18% from the latest price.
News
Home prices expected to drop, but homebuilders remain strong
Some economists and housing analysts say home prices will likely decline soon, just as existing home inventory is rising. According to November 22 data from real estate platform Redfin, median sale pr...
How D.R. Horton Beat the Housing Bust
The home builder met rising demand from buyers unable to find an affordable existing home, and offered buyers temporarily relief from steep mortgage rates.
You won't believe what Buffett's latest investments reveal
It is no secret that Warren Buffett's baby-turned-giant, Berkshire Hathaway NYSE: BRK.A, has been piling up a record level of cash on hand. This can only mean two things are top of mind for the legend...
Low inventory trumps rates in today's housing environment, says KBW's Jade Rahmani
Jade Rahmani, Managing Director at KBW, discusses his expectations for D.R. Horton's earnings report.
D.R. Horton Q4 profit and revenue beat analyst estimates, sending stock higher
D.R. Horton Inc.'s stock DHI, -0.96% was up by 1.3% in premarket trading Tuesday after the home builder's fiscal fourth-quarter results beat Wall Street analyst estimates for profit and revenue. “Desp...
D.R. Horton, Inc., America's Builder, Reports Fourth Quarter and Fiscal 2023 Earnings and Increases Quarterly Dividend to $0.30 Per Share
ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI #earnings--D.R. Horton reported net income of $4.45 per diluted share for its fourth fiscal quarter ended September 30, 2023.
Home-builder stocks fall as lowest affordability in nearly 40 years offsets upbeat sales data
The home-builder sector suffered a broad selloff Wednesday as a rise in Treasury yields, which highlighted concerns over generationally low housing affordability, offset data showing a big beat in new...
Faith In The Construction Boom? Follow Buffet's New Buys Here
Everyone is aware of Warren Buffett's new position in construction and homebuilder stocks. Since you are here browsing on MarketBeat, it is safe to assume that you are not everyone and are looking to ...
High rates help home demand but supply constraints persist, says Deutsche Bank's Joe Ahlersmeyer
Joe Ahlersmeyer, research analyst in the homebuilding space at Deutsche Bank, joins 'The Exchange' to discuss upcoming homebuilder earnings, the impact a drop in margins will have on homebuilder retur...
Wells Fargo names D.R. Horton top pick as mortgage rates surge higher
CNBC's Diana Olick reports on the upgrades on Wall Street regarding homebuilder sentiment.
Homebuilder stock DR Horton has 26% upside: Goldman Sachs
DR Horton Inc (NYSE: DHI) has lost about 20% over the past three months but a Goldman Sachs analyst is convinced that the story moving forward will be a different one.
D.R. Horton Stock Is Upgraded. Buyers Prefer Quick Move-In Homes, Says Analyst.
Goldman Sachs upgrades D.R. Horton to Buy but moves to the sidelines on KB Home.
High rates rock housing stocks
CNBC's Diana Olick reports on the latest for homebuilder stocks.
Homebuilder stocks crumble as mortgage rates surge and as home buyers retreat
Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The iShares Home Construction ETF ITB, -4.82% dropped...
Three reasons investors have fallen in love with home builders' stocks
At a time when mortgage loan rates have soared to their highest levels since 2000, it might surprise you that some analysts think this is a good time to buy shares of large home builders. But there ar...
Homebuilder stocks take a broad beating after jobs data sends Treasury yields to fresh 16-year highs
Shares of homebuilders were taking a broad beating Friday, after the stronger-than-expected jobs data sent Treasury yields to fresh 16-year highs, making new homes less affordable. The iShares U.S. Ho...
Housing stocks in the red as bond yieds and mortgage rates rise
CNBC's Diana Olick joins 'Closing Bell' to discuss the pressure the higher mortgage and bond yield rates are having on the housing market.
Homebuilder stocks under pressure amid rising rates
The current interest rate environment is driving mortgage rates higher, which in turn are having their own effect on homebuilder stocks, such as D.R. Horton (DHI), Lennar (LEN), and PulteGroup (PHM).
D.R. Horton Chicago Announces New Townhomes for Rent in Hampshire, IL
HAMPSHIRE, Ill.--(BUSINESS WIRE)--D.R. Horton's Chicago division announces its first townhome rental community which is being professionally managed by Greystar.
D.R. Horton, Inc. to Release 2023 Fourth Quarter and Fiscal Year-end Earnings on November 7, 2023
ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI #earnings--D.R. Horton announced that it will release financial results for its fourth quarter and fiscal year ended September 30, 2023 on November 7, 2023.
Higher rates are never a good thing for the housing market, says HousingWire's Logan Mohtashami
Logan Mohtashami, HousingWire lead analyst, joins 'Squawk on the Street' to discuss the latest existing home sales data, whether the analyst is modeling any relief on rates, and more.
U.S. new-home sales fall 8.7% in August amid high mortgage rates
The numbers: Sales of newly built homes in the U.S. fell in August as interest rates and home prices stayed elevated, dampening buyer demand.
Homebuilder stocks take a broad beating as rising long-term interest rates raises affordability concerns
Shares of home builders took a broad beating Thursday, amid growing concerns over housing affordability as interest rates have been surging. The iShares U.S. Home Construction ETF ITB dropped 2.6% in ...
D.R. Horton names Paul Romanowski its new CEO
D.R. Horton Inc. DHI said late Wednesday that Paul J. Romanowski has been promoted to chief executive, effective Oct. 1.
D.R. Horton, Inc. Names Paul J. Romanowski as President and CEO and David V.
ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI--D.R. Horton announced the promotion of Paul Romanowski to CEO as David Auld transitions to Executive Vice Chair of the Company's Board.