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D.R. Horton Inc Add to portfolio

INX:DHI, Nov 15, 03:39 UTC

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Tuesday, November 13


News

Here's Why Investors Should Hold D.R. Horton (DHI) Stock Now

DHI

Consolidated pre-tax income increased 29% to $2.1 billion on $16.1 billion revenues (up 14%) in fiscal 2018. Horton have outperformed its industry in the past year, given strong fundamentals and operating efficiencies. Notably, first-time homebuyers represented 49% of the closings in the fourth quarter of fiscal 2018, up from 44% in the same quarter last year.Its Express and Freedom brands, which sell homes at lower prices, accounted for 37% and 57% of homes sold, respectively, in the fourth quarter.Meanwhile, the homebuilder’s consistent efforts to reduce both construction and selling, general and administrative (SG&A) expenses have been boosting its profitability. These efforts helped the company to increase earnings by 41% to $3.81 per share in fiscal 2018.With an impressive backlog ($4 billion as of Sep 30, 2018), along with a well-stocked supply of land, lots and homes, this Zacks Rank #3 (hold) company is well positioned for fiscal 2019 as well.

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News

D.R. Horton, Inc. Acquires the Homebuilding Operations of Westport Homes

DHI

Horton, Inc. (DHI), America’s Builder, today announced the acquisition of Westport Homes (Westport), a top five homebuilder by volume in Indianapolis and Fort Wayne, Indiana, and Columbus, Ohio. Horton also acquired control of approximately 3,200 lots through option contracts. For the twelve months ended October 31, 2018, Westport closed 886 homes ($234 million in revenue) with an average home size of approximately 2,200 square feet and an average sales price of $264,000. Donald R. Horton, Chairman of the Board, said, “We welcome Westport Homes to the D.R. Steve Dunn, President of Westport Homes, said, “Westport has a long-standing tradition of building quality homes and providing excellent customer service.

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Monday, November 12


News

Face to Face Top Stocks: Marvell Technology Group Ltd. (NASDAQ:MRVL), D.R. Horton, Inc. (NYSE:DHI)

DHI

Marvell Technology Group Ltd. (NASDAQ:MRVL) closed at $16.39 on the last trading session with an decrease of -1.92%, whereas, it previously closed at $16.71. The company traded shares of 8.81 Million on the trading day while its three month average volume stands at 11.52 Million. Earnings per Share growth for this year is reported at 487.8, while the analysts estimated the EPS growth for next year at 1.53% and Earnings growth for next 5 years stands at 14.1% as estimated by the analysts. While Annual EPS Growth rate for past five years as reported by the company is at 9.3%. Some important ratios are also vital to discuss the performance of the company and its shares. The company has a market capitalization of $12.9 Billion.

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Friday, November 09


News

Dr Horton $DHI Technical Update – Stock Traders Daily NEWS

DHI

Our Disruptive Tactical Strategies can work regardless of market direction or economic conditions. November 09, 2018, BY Thomas H. Kee Jr - Editor, Stock Traders Daily | Subscribe to RSS. We have day, swing, and longer-term trading plans for DHI, and 1300 other stocks too, updated in real time for our trial subscribers. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well.

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Thursday, November 08


News

D.R. Horton Inc. (DHI) Dips 8.97% for November 08

DHI

Among the S&P 500’s biggest fallers on Thursday November 08 was D.R. The stock experienced a 8.97% decline to $34.22 with 11.85 million shares changing hands. Ultimately, the stock took a hit and finished the day at $3.37 per share. Horton Inc. trades an average of 4.51 million shares a day out of a total 377.07 million shares outstanding.

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News

D.R. Horton Inc (DHI) Q4 2018 Earnings Conference Call Transcript

DHI

Sales prices for both new and existing homes have increased across most of our markets over the past several years, which coupled with rising interest rates has impacted affordability and resulted in some moderation of demand for homes, particularly at higher price points. However, we continue to see good demand and a limited supply of homes at affordable prices across all of our markets, and economic fundamentals and financing availability remain solid. Our fourth quarter homebuilding investments in lots, land and development totaled $1 billion of which $615 million was to replenish finished lots and land, and $432 million was for land development. For the year, we invested $3.8 billion in lots, land and development. From an incentive standpoint, Carl, in the fourth quarter closings, we saw very slight sequential tick up in incentives from the third quarter to the fourth quarter, year-over-year incentives were still at a lower level in the fourth quarter than they had been historically. As we move forward, as we're in a more choppy environment as David said community by community, we're working to maximize return by community and in some cases if giving some incentive to increased pace or to maintain pace will improve returns we'll be doing that. And so generally you would expect in the choppy environment for incentives to tick up a little bit, that's reflected in our guidance here for our margin expectations in Q1. But then we do believe fundamentals from the economy, from demographics, from housing fundamentals, especially at affordable price points is still very solid. And so our positioning billing (ph) great position for the spring selling season, but realistically right now, we were not to the spring, we don't have visibility to the spring yet. And so that's why we're maintaining a bit of flexibility here in terms of our forward guidance because we just don't have that visibility yet. Jessica Hansen -- Vice President, Investor Relations. And the price point really varies from market to market, but very generally speaking, Texas across the Florida up into the Carolinas, if you can put a house on the ground for a sales price under $300,000, we still see very robust demand the further west markets, call it under $400,000.

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D.R. Horton Withstood the Housing Slowdown This Quarter. Can It Keep It Up?

DHI

Horton(NYSE: DHI) has its benefits, and this past quarter was an example of how size and scale can come in handy when the housing market starts to look less attractive than it has in recent months. Even though there has been a noticeable slowdown in housing, D.R. Horton produced better-than-expected results to close out its fiscal year and increase its dividend by 20%. As good as this quarter was, though, a company can only fight industry headwinds for so long. So, let's take a look at D.R. Horton's most recent quarter to see how it was able to improve results in a slowing housing market, why management could be positioning itself to make an acquisition, and whether the company will be able to keep producing outstanding results. This backlog means that homes closed in this particular quarter were likely ordered several months ago, when the market was much stronger than it is today. As a result, the company was able to grow revenue and earnings by 8.2% and 48.8%, respectively, compared to the same time last year. While operating margins did improve slightly compared to this time last year, the bulk of those net income gains are from the changes to corporate tax rates at the beginning of 2018.

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D.R. Horton Tumbles Most Since 2015

DHI

Horton Inc. fell the most in more than three years after executives at the builder said the market for homes is getting “choppy” and that the pace of order growth may slow next quarter. The company reported results for its fiscal fourth quarter before the market opened, including homebuilding revenue that missed analysts’ estimates. Orders rose 11 percent. On a call with analysts, Chief Executive Officer David Auld said the market has been “choppy” in the past four or five weeks. Demand for starter homes remains strong because supplies are tightest in that category. Even though young buyers are more sensitive to higher mortgage rates, the sheer size of the millennial generation will continue to fuel sales growth.

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News

UPDATE 2-D.R. Horton forecasts weak home sales, shares fall 10 pct

DHI

* Shares fall more than 10 pct; weigh on sector (Adds details from the call, updates shares). The homebuilder said it expects incentives to increase in the face of the choppy demand environment and forecast full-year 2019 home sales gross margins to be in the range of 20 percent to 22 percent, with the midpoint below analysts' estimate of 21.48 percent. Demand is holding up in the less expensive category, but homebuilders have not been able to boost supplies as they have been held back by scarce labor, limited lot supplies and rising raw material costs. Single-family homebuilding, which accounts for the largest share of the housing market, has lost momentum since hitting a pace of 948,000 units last November, which was the strongest in more than 10 years.

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Social Chatter

D.R. Horton Inc (INX:DHI) social chatter is higher than usual

DHI
D.R. Horton forecasts first-quarter 2019 home deliveries below estimates Top U.S. homebuilder D.R. Horton forecast first-quarter deliveries below analysts' estimates on Thursday, as rising interest rates push buyers to delay purchases of expensive homes. https://t.co/zHNqON0LOk