D.R. Horton's (DHI) stock has displayed a bullish setup, indicating potential gains. It reached an
all-time high at $193.66 while institutional shareholders controlling 83% of the shares. Despite concerns over slowing demand and a tough year for home builders, the company's stock has been outperforming the S&P 500. The
Q3 Earnings and revenues surpassed estimates, with Q2 sales targets also beaten. A
$4B stock buyback has been authorized, alongside earning higher fiscal year 2024 home sales forecasts. DHI upgraded to a Strong Buy, and it has appointed three new independent directors. Despite missing home orders estimates in a quarter with high rates, DHI is considered a top value stock for the long-term. Other outlined key developments include pricing for $700 million senior notes due 2034, the company's engagement with
the Rome, GA new home market, and stronger forecasts for fiscal 2024 due to existing homes' tight supply.
D R Horton DHI News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sun, 15 Sep 2024 22:18:52 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -4
