|Bid||61.29 x 3200|
|Ask||62.99 x 800|
|Day's Range||61.65 - 62.52|
|52 Week Range||37.81 - 62.54|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||13.19|
|Earnings Date||Apr 22, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||0.70 (1.13%)|
|Ex-Dividend Date||Feb 06, 2020|
|1y Target Est||63.20|
The Zacks Analyst Blog Highlights: D.R. Horton, M.D.C., PulteGroup, Century Communities and KB Home
David Auld became the CEO of D.R. Horton, Inc. (NYSE:DHI) in 2014. First, this article will compare CEO compensation...
Mortgage rates have recently hit a three-year low, boosting the country's housing market. Needless to say, that lower cost of home financing propped up demand among potential buyers.
Moody's Investors Service ("Moody's") assigned a B2 rating to Forestar Group Inc.'s (Forestar) proposed $300 million senior unsecured notes due 2028. Pro forma for the proposed offering and the repayment of the convertible notes at maturity, Forestar's total debt to capitalization will stand at approximately 44% from 36% at December 31, 2019. "With the proposed $300 million offering, the redemption of the convertible notes and $373 million in cash on hand at December 31, 2019, Forestar will have significant financial flexibility and no debt maturities until April 2024 at the expense of lower interest coverage and higher leverage," said Emile El Nems, a Moody's VP-Senior Analyst.
The National Association of Home Builders’ monthly confidence index dropped one point to 74 in February from 75 the month prior, the trade group said Tuesday. What they’re saying: “While the housing sector has strengthened, inventories continue to be a constraint, even as low mortgage rates should motivate buyers to purchase a home,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics.
The Zacks Analyst Blog Highlights: M.D.C., PulteGroup, Louisiana-Pacific, Century Communities and D.R. Horton
To select positions for the portfolio at his Validea newsletter, John Reese assesses stocks based on the historic criteria used many of the market's most legendary investors; this recommendation is based on a strategy developed by James P. O'Shaughnessy.
Economists expect that falling housing inventories and rising median prices could reverse some of December’s spectacular increases. Next week, when the January numbers are released, we’ll find out.
D.R. Horton joined the roster of homebuilders in Arden, a community near Wellington with a working farm as one of its amenities. The national homebuilder (NYSE: DHI) will build 120 single-family villas there, making it the first attached housing product in Arden, the master-planned community established by Boston-based Freehold Communities. County records show Highland Dunes Associates Property, an affiliate of Freehold Communities, sold 10 lots in Arden to D.R. Horton for $1 million in January.
Housing industry biggies have come up with strong earnings this time around. This along with the upcoming spring selling season will further boost housing ETFs.
A rebound in the housing market and strong public sector construction activity are likely to reflect on the sector's Q4 earnings amid higher labor costs.
The labor market has been the best driving force for the historically longest expansion of the U.S. economy, which is growing for more than eleven and half years.
The Zacks Analyst Blog Highlights: Installed Building Products, M/I Homes, D.R. Horton and Continental Building Products
The Zacks Analyst Blog Highlights: PulteGroup, Rollins, D.R. Horton, L3Harris Technologies and MSCI