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. reports developments tied to its U.S. homebuilding, rental housing and homebuyer financial-services operations. Company updates commonly cover quarterly earnings, homes closed, net sales orders, cancellation rates, profit margins, liquidity, leverage, dividends and capital allocation.
The company builds and sells homes across a broad price range, constructs and sells single-family and multi-family rental properties, and provides mortgage financing, title services and insurance agency services for homebuyers. News also includes Forestar Group, D.R. Horton’s majority-owned publicly traded residential lot developer, whose lot inventory, development activity and contracts support the company’s controlled lot supply.
D.R. Horton reported strong fiscal 2021 results, with net income per share increasing 78% to $11.41 and revenues rising 37% to $27.8 billion. In Q4, net income per diluted share rose 65% to $3.70, and revenues grew 27% to $8.1 billion. Homes closed increased by 25% to 81,965 for the year, indicating robust market demand. Despite a 33% drop in net sales orders in Q4, the company maintained a 17% cancellation rate. D.R. Horton aims for fiscal 2022 revenues between $32.5 billion and $33.5 billion, planning to close 90,000 to 92,000 homes.
Forestar Group reported robust financial results for the fourth quarter and fiscal year ended September 30, 2021. Net income surged 82% in Q4 to $44 million ($0.89/share) and by 81% for the fiscal year to $110.2 million ($2.25/share). Revenues rose 20% in Q4 to $418.7 million, and 42% annually to $1.3 billion, driven by a 23% and 53% increase in residential lots sold, respectively. The company controlled 97,000 lots, with 33% under contract to D.R. Horton, representing $1.6 billion in future revenue. The outlook for 2022 anticipates 19,000 to 19,500 lot deliveries.
D.R. Horton (NYSE:DHI) announced the promotion of Paul J. Romanowski to Executive Vice President and Co-Chief Operating Officer, effective October 1, 2021. This leadership change aims to bolster the company’s homebuilding operations, which have expanded significantly since the introduction of the COO role in 2013—from 78 markets to 96 across 30 states. The company anticipates closing over 81,000 homes in fiscal 2021, enhancing its national market share to nearly 10%. Chairman Donald R. Horton emphasized Romanowski's critical role in the firm's leadership for over 20 years.
Forestar Group Inc. (NYSE: FOR) will release its financial results for the fourth quarter and fiscal year ended September 30, 2021, on November 4, 2021, after market close. The company will also host a conference call at 5:00 p.m. ET on the same day. Forestar, a residential lot development company, operates in 55 markets across 22 states and delivered 14,990 residential lots in the year ending June 30, 2021. It is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI), the largest homebuilder in the U.S.
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.