D.R. Horton (DHI), a construction company, has been making headlines with a mixed bag of news. Circleing around their recent Q4 report, earnings and revenue fell behind estimates, leading to a plunge in their stock. Additionally, the outlook for 2025 is reportedly lukewarm, possibly triggered by slowing housing demands. JP Morgan and Barclays have downgraded their ratings on DHI, which has been impacted by a larger-than-market downturn. Stakeholders like Franklin Resources and the Teacher's Retirement System of Kentucky have trimmed their holdings, while an analyst cut the company's intrinsic value estimate by 30%. On the upside, Toronto Dominion Bank and American Trust have acquired significant shares of DHI, despite the gloomy outlook. Jim Cramer provided a commentary on the negative impact of higher rates on homebuilder stocks, indicating the challenges faced by DHI.
Q3 results, however, showed impressive performance with earnings surpassing the estimates. Though the company faces temporary set-backs, growth potential is still observed. Interestingly, the firm saw a
stock rise of 0.1% after its last earnings report.
D R Horton DHI News Analytics from Fri, 17 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 12:11:59 GMT -
Rating -5
- Innovation 0
- Information 5
- Rumor -3
