Welcome to our dedicated page for D R Horton news (Ticker: DHI), a resource for investors and traders seeking the latest updates and insights on D R Horton stock.
D.R. Horton, Inc. (NYSE: DHI), based in Arlington, Texas, is a U.S. homebuilding company that regularly issues detailed updates on its operations, finances and strategy. On this news page, readers can review company-issued press releases and related coverage that explain how D.R. Horton’s homebuilding, rental operations, financial services and majority-owned Forestar residential lot development segment are performing over time.
News about D.R. Horton often centers on its quarterly and annual earnings results, where the company reports consolidated revenues, pre-tax income, profit margins and key operating statistics such as homes closed, net sales orders, cancellation rates, inventory levels and land and lot positions. Releases also describe activity in rental operations, including the number of single-family rental homes and multi-family rental units sold, and summarize the performance of the financial services segment that provides mortgage financing, title services and insurance agency services to homebuyers.
Because D.R. Horton has been the largest homebuilder by volume in the United States since 2002, its announcements can provide insight into broader housing market conditions, including affordability constraints and consumer sentiment as described by the company. News items also cover capital allocation decisions such as share repurchases, dividend declarations and dividend increases, as well as corporate actions like the dual listing of D.R. Horton’s common stock on NYSE Texas while maintaining its primary listing on the New York Stock Exchange.
Investors and followers of the construction and housing sector can use this DHI news feed to monitor the company’s reported results, guidance ranges, commentary from its leadership in prepared remarks, and updates on its relationship with Forestar Group Inc. Regularly reviewing these releases can help readers understand how D.R. Horton describes its performance, risk factors and strategic priorities over successive reporting periods.
D.R. Horton, Inc. (NYSE:DHI), the largest homebuilder in the U.S., will release its financial results for Q4 and fiscal year ending September 30, 2021, on November 9, 2021, before market opens. A conference call will be conducted at 8:30 a.m. ET. Interested parties can join via phone or through the webcast on D.R. Horton’s website. The replay of the call will be available post-event until November 16, 2021. The company continues to operate in 96 markets across 30 states and has maintained strong performance with 80,276 homes closed in the last twelve months ending June 30, 2021.
D.R. Horton, Inc. (NYSE:DHI) has updated its guidance for Q4 fiscal 2021, expecting homes closed to range from 21,300 to 21,700, lower than the prior range of 23,000 to 24,500 due to supply chain disruptions and labor market tightness. Consolidated revenues are now projected between $7.7 billion and $7.9 billion, down from $7.9 billion to $8.4 billion. Despite lower closings, gross margin is expected to improve to 26.5% to 26.8%. The company anticipates a year-over-year increase of 24% to 25% in homes closed for fiscal 2021 and continues to expect double-digit growth in fiscal 2022.
BetterInvesting Magazine has designated Medtronic PLC (NYSE: MDT) as its 'Stock to Study' and D.R. Horton Inc. (NYSE: DHI) as its 'Undervalued Stock' for the November 2021 issue. This announcement underscores the importance of self-guided investment education, especially in light of recent Social Security discussions. CEO Ken Zendel emphasizes the need for individuals to take charge of their financial futures. The selections aim to assist investors in making informed decisions. More information can be found through BetterInvesting's online tools.
D.R. Horton (NYSE:DHI) has announced a registered underwritten public offering of senior notes worth $600 million, with a 1.300% interest rate due in 2026. The notes will have semi-annual interest payments and are expected to close on August 5, 2021, upon meeting customary conditions. Proceeds from this offering will be directed towards general corporate purposes. Major financial institutions like Citigroup and Wells Fargo are acting as Joint Book-Running Managers for the offering. This offering is registered with the SEC and involves standard forward-looking statements.
D.R. Horton (NYSE:DHI) reported strong fiscal Q3 2021 results, with a 78% increase in net income per diluted share to $3.06 and a net income rise of 77% to $1.1 billion. Consolidated revenues grew 35% to $7.3 billion, alongside an 81% increase in pre-tax income to $1.4 billion, improving profit margins by 490 basis points to 19.4%. The company closed 21,588 homes, a 22% increase, while net sales orders fell 17% to 17,952 homes. D.R. Horton maintained strong liquidity with $3.7 billion available and plans to return capital through dividends and share repurchases.
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.