D.R. Horton, Inc. (NYSE:DHI), the largest home construction company in the U.S., has been through a series of fluctuations due to both internal and external factors. The current financial position reflects a
strong upward trend however, market uncertainties and
slowing demand resulted in a slight dip in DHI stock. In light of this, the company is set to
release its 2024 fourth quarter and year-end earnings on 29th October 2024. DHI's Q3 2024 earnings call saw a significant
outpacing of the stock market, despite instances of the company's stock falling more than the market. The company recently revamped its
governance structure and added
three new independent directors to its board. DHI realized
record-setting profit margins, leading the stock to a 52-week high. Other highlights include exceeding Q3 earnings and revenue estimates, tightening home sales forecast and demonstrating strong capital allocation. Despite some obstacles, such as high rates and a weakening housing market, D.H. Horton remains well-positioned and has proven to be a good investment choice, with a consensus recommendation of 'Moderate Buy'. The company also recently authorized a
$4B stock buyback.
D R Horton DHI News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sun, 01 Sep 2024 13:55:05 GMT -
Rating 3
- Innovation 5
- Information 8
