D.R. Horton advanced its revenue from $10.8 billion in FY 2015 to $36.8 billion in FY 2024. That's a compound annual growth rate of 14.6%. From lot acquisition and development all the way to providing and financing a finished product, D.R. Horton is a “one-stop shop”. Averaging the three numbers out gives us a final valuation of $160.88, which would indicate the stock is possibly 12% undervalued.
D.R. Horton (DHI) concluded the recent trading session at $139.61, signifying a +1.73% move from its prior day's close.
The latest trading day saw D.R. Horton (DHI) settling at $151.21, representing a -1.61% change from its previous close.
I maintain a “buy” rating for D.R. Horton, Inc. stock due to its strong market position and attractive pricing despite significant stock gains. D.R. Horton's diversified portfolio and focus on affordable homes have driven impressive growth, even as average home prices fell. The company's other operations, including rentals and Forestar, add value but remain smaller contributors to overall revenue.
D.R. Horton (DHI) closed at $159.68 in the latest trading session, marking a -1.04% move from the prior day.
D.R. Horton (DHI) reported earnings 30 days ago. What's next for the stock?
CNBC's Diana Olick joins 'The Exchange' to report on homebuilder sentiment improving and why homebuilder M&A is soaring.
D.R. Horton shares have declined due to macroeconomic concerns and disappointing outlooks from homebuilders, highlighting the sector's sensitivity to economic conditions. Despite short-term challenges, D.R. Horton benefits from a significant housing deficit and industry tailwinds, maintaining strong long-term growth potential. The recent rate cut caused market caution, impacting housing affordability and leading to lower margins and revenues for D.R. Horton.
The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. Housing stocks reacted in turn, with both the big public builders and building material companies falling sharply.
More companies are talking publicly with investors about the presidential election than in recent cycles.
D.R. Horton DHI reported worse-than-expected fourth-quarter EPS and sales results on Tuesday.
Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has gained about 23% year-to-date. This is roughly in line with the S&P 500, which has gained about 22% over the same period.