D.R. Horton (DHI), a leading home construction company, has seen varied results this past fiscal year. While their stock saw a slight drop of -0.16%, their Q3 2024 earnings call showed promise. The company's founder, Donald R. Horton, passed away recently which may have caused some destabilization in their stock. Their Q2 and Q3 earnings surpassed expectations, resulting in the company authorizing a $4B stock buyback and tightening their FY24 home sales forecast. Some concerns were raised over slowing demand, but the company remains CapWealth Advisors LLC's 10th largest position. Their stock registers a bigger fall than the market, but the demand for affordable homes has led to their stocks soaring. Sluggishness in the housing market has led to
concerns but overall, the company has shown strength amid current market headwinds.
Narwhal Capital Management, Foster & Motley Inc., and Citibank have cut their holdings in D.R. Horton. However, their strong earnings and performance, along with their strategic insights show that their stock remains a valuable investment.
D R Horton DHI News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Sat, 07 Sep 2024 13:01:18 GMT -
Rating 3
- Innovation -4
- Information 8
- Rumor -6
