D R Horton Inc Stock Price, News & Analysis

D.R. Horton, Inc. (NYSE:DHI) will announce its third-quarter financial results for the period ending June 30, 2021, on July 22, 2021, before market open. The company will host a conference call at 8:30 a.m. ET, accessible via dial-in at 877-407-8033 or through a webcast on its investor site. A replay will be available post-call and through October 31, 2021. D.R. Horton has consistently led the U.S. homebuilding market since 2002, closing 76,330 homes in the twelve months ending March 31, 2021, and operates across 91 markets in 29 states.

D.R. Horton, America’s Builder, will participate in a live-streamed fireside chat at the 14th Annual J.P. Morgan Homebuilding and Building Products Conference on May 20, 2021, at 10:55 a.m. ET. The event will be accessible via the Investor Relations section of the D.R. Horton website. A replay will be available within 24 hours and can be accessed until June 19, 2021. D.R. Horton has been the largest homebuilder in the U.S. since 2002, with operations in 91 markets across 29 states, closing 76,330 homes in the twelve months ending March 31, 2021.

D.R. Horton reported robust fiscal 2021 Q2 results, with net income per diluted share surging 95% to $2.53 and total net income rising 93% to $929.5 million. Revenues reached $6.4 billion, a 43% increase, while pre-tax income jumped 90% to $1.2 billion, marking a profit margin of 18.3%. Homes closed increased 36% to 19,701, and net sales orders rose 35% to 27,059. The company repurchased 4.5 million shares for $350.4 million and ended Q2 with $1.9 billion in cash. Guidance for FY2021 estimates revenues between $26.8 and $27.5 billion, with homes closed projected at 82,500 to 84,500.

D.R. Horton, Inc. (NYSE:DHI) has authorized a new $1.0 billion stock repurchase program, replacing the previous one with $465.5 million remaining as of December 31, 2020. The company repurchased 4.5 million shares for $350.4 million in the last quarter, leaving $115.1 million available. D.R. Horton aims to consistently reduce its outstanding share count and enhance shareholder value through strategic capital investments and dividends. The new authorization has no expiration date.

D.R. Horton (NYSE:DHI) has appointed Dr. Benjamin Carson as an independent director to its Board effective April 20, 2021. This appointment expands the Board from six to seven members, maintaining a majority of independent directors. Dr. Carson, a former Secretary of HUD, brings extensive experience in housing and community programs. His leadership is expected to enhance the Board's effectiveness, considering his background in affordable housing and economic opportunity initiatives. D.R. Horton is America's largest homebuilder by volume, operating in 90 markets across 29 states.

D.R. Horton, Inc. (NYSE:DHI), America's largest homebuilder, announced it will release financial results for its second quarter ending March 31, 2021, on April 22, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, where participants can dial in at 877-407-8033 or listen via webcast at the company's investor site. A replay of the call will be accessible by phone after 12:30 p.m. ET on the same day, continuing through April 29, and via webcast through July 31, 2021.

D.R. Horton, Inc. (NYSE:DHI), America’s Builder, will virtually present at the Raymond James 2021 Institutional Investors Conference on March 2, 2021, at 11:40 a.m. Eastern Time. This presentation can be accessed through the Investor Relations page on the D.R. Horton website. Listeners should log in at least five minutes early. A replay will be available within 48 hours and can be accessed until March 31, 2021. D.R. Horton has been the largest homebuilder in the U.S. since 2002, closing 71,168 homes in the year ended December 30, 2020.

D.R. Horton (NYSE:DHI), a leading builder in the United States, will present virtually at the Barclays Industrial Select Conference on February 16, 2021 at 3:30 p.m. ET. Investors can access the presentation via the investor relations page of their website. A replay will be available within 48 hours and accessible until March 31, 2021. As the largest homebuilder in the U.S., D.R. Horton operates in 90 markets across 29 states and closed over 71,000 homes in 2020.

D.R. Horton reported a strong fiscal Q1 2021, with net income rising 84% to $791.8 million, translating to $2.14 per share. Consolidated revenues increased by 48% to $5.9 billion, while pre-tax income surged 98%, reaching $1 billion. Home closings leaped 45% to 18,739 homes, and net sales orders jumped 56% to 20,418 homes valued at $6.4 billion. The company noted a cancellation rate of 18% and a backlog of 28,487 homes valued at $8.9 billion. Overall, the results reflect strong operational performance amidst favorable housing market conditions.