D.R. Horton, Inc. operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets 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 town homes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company constructs and owns multi-family rental properties; owns residential real estate, including ranch land and improvements; and owns and operates oil and gas assets. The company primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is based in Arlington, Texas.
IPO Year:
Exchange: NYSE
Website: drhorton.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/13/2024 | $188.00 → $156.00 | Neutral → Underweight | Analyst |
| 12/11/2024 | $192.00 → $170.00 | Overweight → Equal Weight | Barclays |
| 12/10/2024 | $200.00 → $183.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 11/7/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/15/2024 | $165.00 | Underperform → Neutral | Wedbush |
| 7/2/2024 | $181.00 → $156.00 | Buy → Neutral | Citigroup |
| 4/2/2024 | $130.00 | Neutral → Underperform | Wedbush |
| 1/22/2024 | Buy → Neutral | Seaport Research Partners | |
| 12/13/2023 | $148.00 → $164.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 11/27/2023 | $119.00 | Hold | Jefferies |
Analyst downgraded D.R. Horton from Neutral to Underweight and set a new price target of $156.00 from $188.00 previously
Barclays downgraded D.R. Horton from Overweight to Equal Weight and set a new price target of $170.00 from $192.00 previously
Keefe Bruyette downgraded D.R. Horton from Outperform to Mkt Perform and set a new price target of $183.00 from $200.00 previously
Raymond James downgraded D.R. Horton from Outperform to Mkt Perform
Wedbush upgraded D.R. Horton from Underperform to Neutral and set a new price target of $165.00
Citigroup downgraded D.R. Horton from Buy to Neutral and set a new price target of $156.00 from $181.00 previously
Wedbush downgraded D.R. Horton from Neutral to Underperform and set a new price target of $130.00
Seaport Research Partners downgraded D.R. Horton from Buy to Neutral
Keefe Bruyette upgraded D.R. Horton from Mkt Perform to Outperform and set a new price target of $164.00 from $148.00 previously
Jefferies initiated coverage of D.R. Horton with a rating of Hold and set a new price target of $119.00
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Enhances board composition with additional qualifications and experience D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed three new independent directors – Barbara R. Smith, M. Chad Crow and Elaine D. Crowley – effective August 26, 2024. As part of the Company's succession planning and commitment to ensuring strong Board composition, the three newly appointed directors each bring valuable experience and insight to the D.R. Horton Board. Each appointee has an excellent professional resume that adds to the qualifications, experiences and characteristics of the Company's current Board composition. Ms. Smith was named
Ferguson Enterprises Inc. (the "Company") today announces that it will hold its first annual meeting of stockholders (the "Annual Meeting") on December 5, 2024 as the successor registrant of Ferguson plc, subject to the consummation of the Merger (as defined below), and announces the appointment of Rekha Agrawal and Richard ("Rick") Beckwitt to the Company's board as non-employee directors ("NEDs"). "We are delighted to welcome Rekha and Rick to the Board," said Geoff Drabble, Board Chair of Ferguson Enterprises Inc. "They bring significant operational and leadership experience, creating value for large publicly listed companies operating in the U.S. Their industry knowledge and experienc
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed Dr. Benjamin ("Ben") S. Carson, Sr. as an independent director effective April 20, 2021. Dr. Carson was also named as a member of the Nominating and Governance, Audit and Compensation Committees. The appointment of Dr. Carson expands the size of the Company's Board from six to seven directors, six of whom are independent directors. Most recently, Dr. Carson served as the 17th Secretary of the U.S. Department of Housing and Urban Development (HUD) from 2017 to 2021. At HUD, he led the agency in many innovative programs focused on advancing economic opportunity; providing
Davidson Bogel Real Estate ("DB2RE") is proud to announce its successful representation of Kroger (NYSE:KR) in the acquisition of a 14-acre property in Little Elm, Texas from local investment firm Dollar-Flowers Realty Partners. The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas with quality grocery offerings. Edward Bogel, Ryan Turner, and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers. Kroger's acquisition follows a recen
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its first quarter ended December 31, 2024 on Tuesday, January 21, 2025 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 163261. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Tuesday, January 21, 2025 at 877-481-4010. When calling, please reference re
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Fourth Quarter Highlights Earnings per diluted share were $3.92 on net income of $1.3 billion Consolidated pre-tax income of $1.7 billion, with a pre-tax profit margin of 17.1% Consolidated revenues of $10.0 billion Home sales revenues of $8.9 billion on 23,647 homes closed Fiscal 2024 Highlights - comparisons to the prior year Earnings per diluted share increased 4% to $14.34 on net income of $4.8 billion Consolidated pre-tax income of $6.3 billion, with a pre-tax profit margin of 17.1% Consolidated revenues increased 4% to $36.8 billion Home sales revenues increased 7% to $33.9 billion on 89,690 homes closed Rental operations
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2024 on Tuesday, October 29, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 584166. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Tuesday, October 29, 2024 at 877-481-4010. When calling, p
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Third Quarter Highlights - comparisons to the prior year quarter Earnings per diluted share increased 5% to $4.10 on net income of $1.4 billion Consolidated pre-tax income increased 1% to $1.8 billion, with a pre-tax profit margin of 18.1% Consolidated revenues increased 2% to $10.0 billion Homes closed increased 5% to 24,155 homes and 6% in value to $9.2 billion Net sales orders increased 1% to 23,001 homes and were flat in value at $8.7 billion Rental operations pre-tax income of $64.2 million on $413.7 million of revenues from sales of 790 single-family rental homes and 610 multi-family rental units Repurchased 3.0 million
Return to Volume Growth Driven by Continued Execution Third quarter highlights Sales grew 2.4% driven by volume improvement despite continued deflation of approximately 2%. Operating margin of 8.6% (9.2% on an adjusted basis). Diluted earnings per share of $2.18 ($2.32 on an adjusted basis) grew by 33.7% over the prior year (up 5.5% on an adjusted basis). Operating cash flow of $1,507 million on a fiscal year to date basis. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed three acquisitions during the quarter and two subsequent to the quarter. We have now made eight acquisitions on a fiscal year to date basis with aggregate an
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 956414. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Thursday, July 18, 2024 at 877-481-4010. When calling, please reference replay pas
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Second Quarter Highlights - comparisons to the prior year quarter Net income increased 24% to $1.2 billion or $3.52 per diluted share Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% Consolidated revenues increased 14% to $9.1 billion Homes closed increased 15% to 22,548 homes and 14% in value to $8.5 billion Net sales orders increased 14% to 26,456 homes and 17% in value to $10.1 billion Rental operations pre-tax income of $33.3 million on $371.3 million of revenues from sales of 1,109 single-family rental homes and 424 multi-family rental units Repurchased 2.7 million shares of
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 246190. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Thursday, April 18, 2024 at 877-481-4010. When calling, please reference replay
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 First Quarter Highlights - comparisons to the prior year quarter Net income attributable to D.R. Horton of $947.4 million or $2.82 per diluted share Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 16.1% Consolidated revenues increased 6% to $7.7 billion Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion Rental operations pre-tax income of $31.3 million on $195.3 million of revenues from sales of 379 single-family rental homes and 300 multi-family rental units Repurchased 3.3 million shares of com
Davidson Bogel Real Estate ("DB2RE") is proud to announce its successful representation of Kroger (NYSE:KR) in the acquisition of a 14-acre property in Little Elm, Texas from local investment firm Dollar-Flowers Realty Partners. The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas with quality grocery offerings. Edward Bogel, Ryan Turner, and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers. Kroger's acquisition follows a recen
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its first quarter ended December 31, 2024 on Tuesday, January 21, 2025 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 163261. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Tuesday, January 21, 2025 at 877-481-4010. When calling, please reference re
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Fourth Quarter Highlights Earnings per diluted share were $3.92 on net income of $1.3 billion Consolidated pre-tax income of $1.7 billion, with a pre-tax profit margin of 17.1% Consolidated revenues of $10.0 billion Home sales revenues of $8.9 billion on 23,647 homes closed Fiscal 2024 Highlights - comparisons to the prior year Earnings per diluted share increased 4% to $14.34 on net income of $4.8 billion Consolidated pre-tax income of $6.3 billion, with a pre-tax profit margin of 17.1% Consolidated revenues increased 4% to $36.8 billion Home sales revenues increased 7% to $33.9 billion on 89,690 homes closed Rental operations
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2024 on Tuesday, October 29, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 584166. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Tuesday, October 29, 2024 at 877-481-4010. When calling, p
Enhances board composition with additional qualifications and experience D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed three new independent directors – Barbara R. Smith, M. Chad Crow and Elaine D. Crowley – effective August 26, 2024. As part of the Company's succession planning and commitment to ensuring strong Board composition, the three newly appointed directors each bring valuable experience and insight to the D.R. Horton Board. Each appointee has an excellent professional resume that adds to the qualifications, experiences and characteristics of the Company's current Board composition. Ms. Smith was named
D.R. Horton, Inc. ("D.R. Horton" or the "Company") (NYSE:DHI), America's Builder, announced that it has priced a registered underwritten public offering of $700 million aggregate principal amount of 5.000% senior notes due 2034. The senior notes will pay interest semi-annually at a rate of 5.000% per year and will mature on October 15, 2034. The closing of the offering is expected to occur on August 14, 2024, subject to the satisfaction of customary closing conditions. D.R. Horton intends to use the net proceeds of the offering for general corporate purposes, including the repayment of the outstanding $500 million aggregate principal amount of its 2.500% notes due 2024 on or prior to maturi
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Third Quarter Highlights - comparisons to the prior year quarter Earnings per diluted share increased 5% to $4.10 on net income of $1.4 billion Consolidated pre-tax income increased 1% to $1.8 billion, with a pre-tax profit margin of 18.1% Consolidated revenues increased 2% to $10.0 billion Homes closed increased 5% to 24,155 homes and 6% in value to $9.2 billion Net sales orders increased 1% to 23,001 homes and were flat in value at $8.7 billion Rental operations pre-tax income of $64.2 million on $413.7 million of revenues from sales of 790 single-family rental homes and 610 multi-family rental units Repurchased 3.0 million
Return to Volume Growth Driven by Continued Execution Third quarter highlights Sales grew 2.4% driven by volume improvement despite continued deflation of approximately 2%. Operating margin of 8.6% (9.2% on an adjusted basis). Diluted earnings per share of $2.18 ($2.32 on an adjusted basis) grew by 33.7% over the prior year (up 5.5% on an adjusted basis). Operating cash flow of $1,507 million on a fiscal year to date basis. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed three acquisitions during the quarter and two subsequent to the quarter. We have now made eight acquisitions on a fiscal year to date basis with aggregate an
Ferguson Enterprises Inc. (the "Company") today announces that it will hold its first annual meeting of stockholders (the "Annual Meeting") on December 5, 2024 as the successor registrant of Ferguson plc, subject to the consummation of the Merger (as defined below), and announces the appointment of Rekha Agrawal and Richard ("Rick") Beckwitt to the Company's board as non-employee directors ("NEDs"). "We are delighted to welcome Rekha and Rick to the Board," said Geoff Drabble, Board Chair of Ferguson Enterprises Inc. "They bring significant operational and leadership experience, creating value for large publicly listed companies operating in the U.S. Their industry knowledge and experienc
D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that the Company will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 956414. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company's website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Thursday, July 18, 2024 at 877-481-4010. When calling, please reference replay pas
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