34.48 0.00 (0.00%)
After hours: 4:28PM EST
|Bid||33.77 x 900|
|Ask||34.50 x 4000|
|Day's Range||34.27 - 35.52|
|52 Week Range||33.70 - 53.32|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||10.11|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||0.60 (1.74%)|
|1y Target Est||44.15|
Tom Lee, head of research and co-founder of Fundstrat Global Advisors, says homebuilders are a major buy. He joins Yahoo Finance's Julie Hyman and Adam Shapiro as well as Bullseye Brief author and publisher Adam Johnson to explain why.
The acquisition of Westport boosts D.R. Horton's (DHI) control of lots and homes, mostly in Indianapolis and Columbus regions.
Texas-based homebuilder D.R. Horton Inc. said it was buying privately held Westport Homes, a Midwest home construction company, for about $190 million in cash. Shares of D.R. Horton were up slightly on the news at around $34.62 before noon on Tuesday.
D.R. Horton's (DHI) solid order growth and improving SG&A leverage are likely to improve profit. However, rising mortgage rates, along with land and labor costs pose a threat to the company's margins.
D.R. Horton, Inc. (DHI), America’s Builder, today announced the acquisition of Westport Homes (Westport), a top five homebuilder by volume in Indianapolis and Fort Wayne, Indiana, and Columbus, Ohio. The homebuilding assets acquired include approximately 3,500 lots, 400 homes in inventory and 550 homes in sales order backlog, the majority of which relate to Westport’s Indianapolis and Columbus operations. For the twelve months ended October 31, 2018, Westport closed 886 homes ($234 million in revenue) with an average home size of approximately 2,200 square feet and an average sales price of $264,000.
Deciding if you should use a relative valuation model over an intrinsic valuation model can be a difficult choice for many investors. In the case of DR Horton Inc’s (NYSE:DHI), Read More...
The U.S. housing market remains a key weakness an otherwise booming economy, with rising rates holding back demand and a slump in new building keeping supply at bay, and could be big drag on consumer spending and sentiment heading into 2019. Thirty-year fixed mortgage rates, the most common form of borrowing, rose to a seven-year high of 4.94% this week, according to data from the Federal Home Loan Mortgage Corporation, or Freddie Mac, while the National Association of Home Builders said its affordability index fell to the lowest level in ten years. The Federal National Mortgage Association, or Fannie Mae's, home purchase sentiment index, a closely-watched metric for housing investors, also slipped 2 points this week to a one-year low of 85.7 points.
Stocks that moved substantially or traded heavily Thursday: Qualcomm Inc., down $5.16 to $58.05 The chipmaker gave a disappointing forecast for its fiscal first quarter. D.R. Horton Inc., down $3.37 to ...
Investing.com – D.R. Horton's quarterly report and bearish outlook underscored the wobbly backdrop for U.S. housing activity, triggering a wave of selling across homebuilders.
The company's size helped push its fiscal fourth quarter higher, and management could be setting it up to consolidate the market.
The S&P 500 inched lower on Thursday, as disappointing results from a slew of companies, including Qualcomm Inc, countered gains in bank stocks ahead of the Federal Reserve's interest rate decision. Among the biggest decliners on the benchmark index were Perrigo Co, Wynn Resorts Ltd and D.R. Horton Inc, all falling on disappointing quarterly results.
D.R. Horton’s gross margin of 21.6 percent for the fiscal fourth quarter was down from 21.9 percent in the previous three months as average home construction costs increased more than average selling prices.D.R. Horton’s focus on lower-end homes positions the company better than competitors in a weakening market. Demand for starter homes remains strong because supplies are tightest in that category. Market ReactionD.R. Horton shares fell as much as 10 percent, the biggest intraday decline since August 2015.
The S&P 500 and the Nasdaq edged lower on Thursday, as weak earnings reports and caution ahead of the Federal Reserve's interest rate decision stalled a rally from the previous session, which was spurred by the outcome for midterm elections. Among the biggest deliners on the S&P 500 were Perrigo Co , Wynn Resorts Ltd and D.R. Horton Inc, all falling on disappointing quarterly results.
The housing market has been a weak spot in a robust U.S. economy, with economists blaming the sluggishness on rising mortgage rates, which have combined with higher house prices, to make home purchasing unaffordable for some buyers. "The buyer is probably affordably stretched and taking a little bit of time to reset to changing market environment," D.R. Horton Chief Operating Officer Michael Murray said on a conference call with analysts.
We still have a ways to go before we reach late-January highs for most stocks on the S&P 500, but if the relief rally successfully morphs into a holiday season buying spree for the markets, we may see a late-year surge now that the midterm elections are behind us.
Continued strategic focus to consolidate market share, higher pre-tax margins and solid returns help D.R. Horton (DHI) deliver higher fiscal Q4 numbers.
U.S. stocks edged lower on Thursday, as a clutch of weak earnings reports punctured a rally from the previous session, which was spurred by the outcome for midterm elections. Wynn Resorts Ltd, Perrigo Co and D.R. Horton Inc were the biggest losers on the S&P 500, all falling after reporting disappointing quarterly results. Qualcomm Inc dropped 7.1 percent after the chipmaker forecast sales revenue for the holiday shopping quarter below analysts' estimates, as it took a hit from the loss of chip sales to Apple Inc.
Top U.S. homebuilder D.R. Horton forecast first-quarter deliveries below analysts' estimates on Thursday, as rising interest rates push buyers to delay purchases of expensive homes. The company's shares ...