D.R. Horton, Inc. (NYSE:DHI) has reportedly won significant support from
institutional shareholders, holding about 83% of the company. The
strong institutional backing, along with
strategic expansion and a focus on
affordability, has fueled a remarkable momentum in the stock, with shares hitting all-time highs and returns of 289% over the past five years. In addition, multiple investment firms, including Livforsakringsbolaget Skandia Omsesidigt and Atomi Financial Group Inc., have increased their stakes in DHI. The company has displayed consistent financial performance with their earnings and revenues surpassing estimates in Q2 and Q3 of 2024. The company also announced the authorization of a $4B stock buyback and a
quarterly dividend of $0.30 per share. Despite certain headwinds such as high mortgage Rate Buydowns affecting the homebuilders' sector, D.R. Horton has maintained a positive
market outlook and continues to dominate the real estate market. The company anticipates strong performance for fiscal 2024 due to the tight supply of existing homes.
D R Horton DHI News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Sat, 12 Oct 2024 12:03:36 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 4
