Summary
HO2 Chart
D.R. Horton: Cyclical Vulnerabilities In Full Force
D.R. Horton faces cyclical headwinds with declining sales, rising inventory, and compressed margins, reflecting a tough market and macroeconomic pressures. Despite near-term challenges, D.R. Horton's experienced management and capital-light model position it well for a future recovery when conditions improve. The valuation is historically attractive, trading at 1.5x book and 10x forward earnings, suggesting significant upside as pessimism peaks.
D.R. Horton, Inc. Announces Dual Listing on NYSE Texas
ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI--D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, TX. The Company will maintain its primary listing on the New York Stock Exchange and trade with the same “DHI” ticker symbol on NYSE Texas. David Auld, Chairman of the Board, said, “We are pleased to be a Founding Member of NYSE Texas and show our support to the state.
Top Stock Movers Now: DR Horton, Wells Fargo, Dollar Tree, and More
U.S. equities were slightly higher at midday as a weaker-than-expected private sector employment report sent bond yields tumbling. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all higher.
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D.R. Horton Inc. Profile
| Residential Construction Industry | Consumer Cyclical Sector | Mr. Paul J. Romanowski CEO | XBER Exchange | US23331A1097 ISIN |
| US Country | 14,766 Employees | - Last Dividend | 17 Mar 2005 Last Split | 5 Jun 1992 IPO Date |
Overview
D.R. Horton, Inc. is a leading homebuilding company in the United States, operating across various regions including East, North, Southeast, South Central, Southwest, and Northwest. The company has a strong presence in 118 markets across 33 states, offering residential homes under several brand names such as D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. Founded in 1978 and headquartered in Arlington, Texas, D.R. Horton, Inc. specializes in the acquisition and development of land, along with the construction and sale of residential homes. The company’s extensive portfolio includes single-family detached homes and attached homes, covering a spectrum of homebuyer needs from entry-level to luxury offerings. Aside from its core homebuilding operations, D.R. Horton, Inc. extends its services to mortgage financing, title insurance, and closing services, showcasing its versatility and comprehensive approach to the real estate market.
Products and Services
- Residential Homes
D.R. Horton, Inc. constructs and sells a wide variety of residential properties, including single-family detached homes that cater to a range of homebuyers, from first-time buyers to those looking for premium and luxury homes. Additionally, the company offers attached homes, such as townhomes, duplexes, and triplexes, providing options for buyers seeking more affordable or compact living spaces.
- Mortgage Financing Services
To facilitate the homebuying process, D.R. Horton, Inc. provides mortgage financing services to its customers. This service aims to streamline the purchasing journey, making it simpler and more convenient for buyers to acquire financing for their new homes directly through the company and its affiliated lenders.
- Title Insurance and Closing Services
Understanding the importance of a seamless closing process, D.R. Horton, Inc. offers title insurance policies, examination, and closing services. These services ensure that homebuyers receive clear titles and benefit from efficient and error-free closing processes, reinforcing the company’s commitment to customer satisfaction.
- Residential Lot Development
The company engages in the residential lot development business, showcasing its capabilities in land acquisition and development. This aspect of the business supports the company's homebuilding operations by securing and preparing land for new residential communities.
- Multi-family and Single-family Rental Properties
Expanding its portfolio beyond home sales, D.R. Horton, Inc. also develops, constructs, owns, leases, and sells multi-family and single-family rental properties. This diversification into rental markets allows the company to cater to a broader range of housing needs, including those of individuals and families not ready to purchase a home.
- Non-residential Real Estate
In addition to its core residential operations, D.R. Horton, Inc. owns and develops non-residential real estate, including ranch land and various improvements. This segment further illustrates the company’s extensive capabilities and interests within the real estate sector.
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