Summary
HO2 Chart
D.R. Horton Quarterly Update: Is It Time To Buy More?
Despite weak housing numbers and downward revisions in revenue and home closings in the short-term, D.R. Horton's long-term prospects remain good. DHI's capital allocation strategy includes significant share repurchases and dividends, indicating a commitment to returning value to shareholders. Gross margins were better than expected, while management is focused on balancing growth with consistent cash flows and returns to shareholders.
D.R. Horton: Solid Balance Sheet To Navigate A Weak Housing Market
D.R. Horton's revenues and margins are declining, but the impact on EPS is being mitigated by an increase in buybacks. The strong balance sheet with a 1.1x debt-to-net income ratio allows the company to issue debt at a 4.85% rate and buy back stocks at a 9% yield. The housing market slowdown is affecting all the major homebuilders, but D.R. Horton's pricing strategy might help to navigate the situation.
D.R. Horton, Inc. Announces Pricing of $500 Million of 4.850% Senior Notes Due 2030
ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI--D.R. Horton announced that it has priced $500 million of 4.850% senior notes due 2030.
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D.R. Horton Inc. Profile
| Residential Construction Industry | Consumer Cyclical Sector | Mr. Paul J. Romanowski CEO | XHAN Exchange | US23331A1097 ISIN |
| United States Country | 13,450 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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