D.R. Horton (DHI) has been on a roller-coaster ride with shares registering significant falls then rallying back while consistently outpacing stock market gains. Importantly, Scout Investments Inc. has acquired 130,515 shares adding to the confidence in the company's stock. Despite the company registering a notable dip after its Q2 2024 Earnings announcement, the stock showed resilience. The passing of the company founder, Donald R. Horton, has left some uncertainty, but the company rebounded with an impressive earnings beat and raised revenue guidance. However, Wall Street analysts trimmed price targets, causing some concern. Horton's strong fundamentals still lead many to believe the market could be wrong about the stock. There are also concerns over the impact of rising mortgage rates, though some believe the stock could still outperform. The stability of earnings amid market headwinds contributes to the view of DHI as a resilient investment. However, disappointing Q1 home orders led to the largest drop since 2020, increasing concerns on the market front. Interestingly, the company predicts higher revenue for FY2024 after a strong Q2 beat.
D R Horton DHI News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Sun, 09 Jun 2024 15:53:42 GMT -
Rating 5
- Innovation 4
- Rumor -3
