- American City Business Journals•5 hours ago
National homebuilder D.R. Horton lost a $16.3 million judgment in U.S. Bankruptcy Court after a judge found that it engaged in “deceptive practices” that left a condominium association in poor financial condition. Fort Worth, Texas-based D.R. Horton (DHI) is one of the nation’s largest homebuilders with over $10 billion in annual revenue. The case revolves around the Majorca Isles Master Association in Miami Gardens, a community originally planned for 681 units that D.R. Horton started developing in 2005 – a few years before the real estate market crashed.
- Reuters•8 days ago
PulteGroup Inc, the No.3 U.S. homebuilder, cut its gross margin forecast for the current quarter due to rising land and labor costs, sending its shares down as much as 6 percent on Thursday. Pulte's weak margin forecast comes after bigger rival Lennar Corp cut its fourth-quarter gross margin estimate last month. The company bought some assets of John Wieland Homes and Neighborhoods in December to cater to such buyers.
DR Horton Inc. (DHI)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||27.51 x 300|
|Ask||28.85 x 300|
|Day's Range||27.78 - 28.76|
|52wk Range||22.97 - 34.56|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||12.48|
|Avg Vol (3m)||3,658,927|
|Dividend & Yield||0.32 (1.11%)|