Brookstone Capital Management has made a new investment in D.R. Horton, Inc. (DHI), in line with the company's impressive fiscal performance with Q3 earnings and revenues surpassing estimates, setting a record for strong profit margins. The death of the company's founder and chairman, Donald R. Horton, was noted as a significant company event. Despite the macroeconomic challenges faced due to high rates, D.R. Horton saw its stock soar with Q2 earnings exceeding predictions, powering the company's positive fiscal trajectory.
The American homebuilder's shares were bought by Bank Pictet & Cie Asia Ltd. amongst others while its Q1 earnings were high compared to other home builders' stocks. A decisive factor in D.R. Horton's performance appears to be the fiscal 2024 third quarter earnings and a quarterly dividend declaration of $0.30 per share. In strategic investment opportunities, D.R. Horton's strong value and momentum were highlighted while the company was upgraded to a strong buy. The firm also announced a pricing of $700 million of 5.000% Senior Notes due 2034 and that Institutional investors own 83% of D.R. Horton, Inc. (DHI).
D R Horton DHI News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 18 Aug 2024 12:55:47 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -5
