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D.R. Horton Inc. - DHI STOCK NEWS

Welcome to our dedicated news page for D.R. Horton (Ticker: DHI), a resource for investors and traders seeking the latest updates and insights on D.R. Horton.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect D.R. Horton's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Forestar Group Inc. reported strong financial results for the second fiscal quarter of 2024, with net income increasing by 67% to $45.0 million, pre-tax income up by 64% to $58.9 million, and consolidated revenues rising by 11% to $333.8 million. Residential lots sold increased by 10% to 3,289 lots, and return on equity expanded by 320 basis points to 14.9%. The company's operational results showed growth in lots sold and controlled, with a positive outlook for future revenue generation and market share consolidation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
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Rhea-AI Summary
D.R. Horton, Inc. reported strong fiscal 2024 second-quarter earnings with a 24% increase in net income to $1.2 billion and a 14% rise in consolidated revenues to $9.1 billion. The company also declared a quarterly dividend of $0.30 per share. Homebuilding operations saw revenue increase by 13% to $8.5 billion, with 22,548 homes closed. Rental operations generated $33.3 million in pre-tax income. Forestar, a subsidiary, sold 3,289 lots and generated $333.8 million in revenue. Financial services revenue was $225.6 million. The company repurchased 2.7 million shares of common stock for $402.2 million. D.R. Horton updated its fiscal 2024 guidance with consolidated revenues of $36.7 billion to $37.7 billion and homes closed by homebuilding operations of 89,000 to 91,000 homes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
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dividends earnings
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Rhea-AI Summary
Forestar Group Inc. (FOR) will release its Q2 financial results on April 18, 2024, followed by a conference call. The call details and webcast information are provided for participants' convenience.
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0.38%
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Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) will announce its Q2 financial results on April 18, 2024, with a conference call at 8:30 a.m. ET. The call details and webcast information are provided for participants.
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Rhea-AI Sentiment
End-of-Day
1.25%
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Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) to present at Citi 2024 Global Industrial Tech and Mobility Conference, offering a webcast accessible via Investor Relations page. Replay available for viewing until April 30, 2024.
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Rhea-AI Sentiment
End-of-Day
-3.99%
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conferences
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Rhea-AI Summary
Forestar Group Inc. reported an 84% increase in net income to $38.2 million and a 41% increase in consolidated revenues to $305.9 million for the first fiscal quarter ended December 31, 2023. The company's pre-tax income also surged by 84% to $51.2 million, and the pre-tax profit margin improved by 380 basis points to 16.7%. Forestar sold 3,150 residential lots, representing a 39% increase, and the return on equity stood at 14.1%. The company's outlook for fiscal 2024 includes delivering between 14,500 and 15,500 lots, generating $1.4 billion to $1.5 billion in revenue. Forestar's strong balance sheet and liquidity position it well to capitalize on land development opportunities.
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Rhea-AI Sentiment
End-of-Day
-9.24%
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Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) reported a solid first quarter for fiscal 2024, with net income of $947.4 million and consolidated revenues of $7.7 billion. The company saw an increase in homes closed, net sales orders, and rental operations pre-tax income. However, net income decreased by 1% compared to the same quarter of fiscal 2023, and the cancellation rate for sales orders increased to 19% from 27% in the prior year quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
Tags
dividends earnings
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Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) to Release Q1 2024 Financial Results on January 23, 2024
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End-of-Day
1.55%
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Rhea-AI Summary
Forestar Group Inc. (FOR) will release its first quarter financial results on January 23, 2024, followed by a conference call and webcast. The call will be held at 5:00 p.m. ET, with a replay available until January 30, 2024. The webcast replay will be accessible through April 30, 2024.
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Rhea-AI Sentiment
End-of-Day
1.55%
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Rhea-AI Summary
Forestar Group Inc. (FOR) announces the retirement of CEO Dan C. Bartok and the appointment of Andy W. Oxley as President and CEO effective January 1, 2024. Oxley, currently Senior Vice President at D.R. Horton, Inc., brings extensive experience in land acquisition and development. Bartok will support the transition in a consulting role. Chairman Donald J. Tomnitz expressed gratitude to Bartok for his contributions and confidence in Oxley's ability to lead Forestar's continued growth.
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Rhea-AI Sentiment
End-of-Day
-0.25%
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D.R. Horton Inc.

NYSE:DHI

DHI Rankings

DHI Stock Data

50.34B
293.84M
9.89%
85.04%
1.5%
Residential Remodelers
Construction
Link
US
Arlington

About DHI

d.r. horton - america's builder d.r. horton is dedicated to building quality crafted, distinctive homes across the united states. the company has developed a reputation for high quality homes with features and amenities other builders often consider options or upgrades. the flexible home designs, attention to detail and affordable pricing are what make d.r. horton a national leader in the residential home building industry. donald r. horton began his own construction business in 1978 in the dallas/fort worth metroplex. in 1987, d.r. horton began expanding its operations by seeking out the nation's most active homebuilding markets. additionally, d.r. horton provides mortgage and title insurance services in many of its markets.