|Bid||41.52 x 800|
|Ask||41.54 x 900|
|Day's Range||40.65 - 41.94|
|52 Week Range||32.47 - 53.32|
|PE Ratio (TTM)||15.51|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.50 (1.20%)|
|1y Target Est||55.45|
The latest snapshot of the housing market shows prices soared in April. Redfin says prices climbed 7.6% and home sales hit a new speed record. Yahoo Finance’s Alexis Christoforous speaks with Nela Richardson, Chief Economist at Redfin.
Rising mortgage rates aren't only shutting would-be buyers out of the real estate market – they are also pressuring the stocks of companies in that sector. During 2017, housing-related stocks were surging along with everything else in the stock market, but this year, they have been one of the worst performing groups, with Seeking Alpha pegging the decline in stock prices in the sector at more than 10% year to date. While investors may brush this off as a correction after the strong showing in 2017, others point to rising mortgage rates, increasing real estate prices and a dearth of affordable properties as the main culprits for the decline in the share prices.
Understanding DR. Horton Inc.’s (NYSE:DHI) performance as a company requires examining more than earnings from one point in time. Today I will take you through a basic sense check toRead More...
D.R. Horton (DHI) is likely to perform well in fiscal 2018 owing to accretive acquisitions, robust backlog and a well-stocked land inventory.
reached our $50 price target we outlined back in August, saying that," If you are long DHI continue to hold. In this daily bar chart of DHI, below, we can see how prices broke lower this week. The On-Balance-Volume (OBV) line was rising from September but looks like it has been weakening the past week.
The S&P 500’s top losses on May 15 were: Agilent Technologies (A) declined 9.7%. D.R. Horton (DHI) declined 6.7%. Lennar (LEN) declined 5.7%. Pultegroup (PHM) declined 5.4%. Celgene (CELG) declined 3.9%. Agilent Technologies
Stocks that moved substantially or traded heavily Tuesday: KeyCorp., up 31 cents to $20.47 Financial firms jumped as bond yields rose to their highest levels in almost seven years. Home Depot Inc., down ...
The stock market encountered difficulties Tuesday as the 10-year yield reached 3.06%. Homebuilder stocks struggled with sizable losses.
LONDON, UK / ACCESSWIRE / May 14, 2018 / If you want access to our free earnings report on D.R. Horton, Inc. (NYSE: DHI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DHI. The Company reported its second quarter fiscal 2018 operating and financial results on April 26, 2018. Active-Investors.com is currently working on the research report for The New Home Company Inc. (NYSE: NWHM), which also belongs to the Industrial Goods sector as the Company D.R. Horton.
Some investors are betting on shares of homebuilders to outperform U.S. stocks at large, but with interest rates expected to rise they may have to wait several months before those bets pay off. The U.S. economy looks ideal for homebuilding stocks to benefit. The unemployment rate has fallen to its lowest level in more than 17 years and consumer confidence is near the highest levels in 17 years, according to the Conference Board.
The demand and supply conditions within the housing (REM) sector can be assessed by observing the changes in the number of building permits issued. An increase in the number of building permits in any given month is a signal of increased activity in the housing sector in the future, as construction (ITB) activity begins after a few months of the issuance of a permit. As per the March report, housing units (XHB) authorized by building permits were at a seasonally adjusted rate of 1.4 million, an increase of 2.5% from the revised February reading of 1.3 million units.
The volatility in housing starts data remains elevated. Housing starts in March were reported to have risen 1.9%, a rebound from the 7% slump reported in February and a continuation of the 9.7% increase reported in January.
Q2 2018 D.R. Horton Inc and Preliminary Q1 2018 Forestar Group Inc Earnings Call
D.R. Horton's (DHI) Q2 earnings and revenues surpass the Zacks Consensus Estimate, courtesy of a solid housing market scenario.
D.R. Horton Inc's quarterly profit topped Wall Street estimates for the sixth straight quarter on Thursday and the homebuilder remained upbeat on housing demand even as borrowing costs inch up for buyers. Orders, an indicator of future revenue for homebuilders, rose about 13 percent, also coming in above analysts' estimates although the growth was the slowest in three quarters. While there have been concerns that rising mortgage and interest rates will slow down the industry, data on Tuesday showed new single family homes rose more than expected in March and consumer confidence rebounded in April.
D.R. Horton Inc, the largest U.S. homebuilder, reported a 53 percent rise in quarterly profit, driven by an increase in home sales. Net income attributable to the company rose to $351 million, in the second ...
D.R. Horton's (DHI) Q2 results are likely to benefit from higher homebuilding revenues. Then again, rising land and labor costs are causes for concern.
The Sohn Conference in New York, one of the biggest annual investment events, took place yesterday, with presentations from titans of the investment world like Larry Robbins of Glenview Capital, John Khoury of Long Pond Capital, and Jeffrey Gundlach, the CEO of DoubleLine Capital. Insider Monkey’s founder Ian Dogan was in attendance, allowing us to share […]
Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the millennial generation, ranging from online food ordering to homebuilders. John Khoury, founder and managing partner of the $2.7 billion (£1.94 billion) Long Pond Capital hedge fund, revealed a long position in U.S. homebuilder D.R. Horton Inc (DHI.N), which he said should rise as more millennials age into the first-time home buyer market.