D.R. Horton, Inc (DHI) has seen significant market movements influenced by several factors. The homebuilding company's stocks have shown promise, prompting consideration of
buying by investors. Despite a minor setback of -0.16%,
Thrivent Financial for Lutherans and Inspire Investing LLC have recently acquired DHI shares.
Falling interest rates may cause an uplift in the company's stocks. The company's
Q3 2024 earnings were reportedly surpassing estimates, contributing to DHI's stock market soar. Its
price target was raised to $215.00 by Bank of America, stimulating investor confidence.
HSBC Holdings PLC bought 34,961 DHI shares, underscoring trust in DHI's stability. The company has declared a
quarterly dividend of $0.30 per share and announced the pricing of $700 million of
5.000% Senior Notes due 2034. Despite a hint of weakening housing market speculation and high rate concerns, DHI has managed to outperform with its Q3 earnings and sustained growth. However, Citi's downgrade of DHI and other home builder shares resulted in a slump.
D R Horton DHI News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Sun, 22 Sep 2024 14:01:24 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -6
