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D.R. Horton Inc. - DHI STOCK NEWS

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. (Symbol: DHI) is a prominent homebuilding company headquartered in Arlington, Texas, with a strong presence in 118 markets across 33 states. Renowned as 'America's Builder', D.R. Horton specializes in constructing high-quality, distinctive homes, offering a wide array of options and amenities that stand out in the residential homebuilding industry.

Founded by Donald R. Horton in 1978, the company initially established itself within the Dallas/Fort Worth metroplex. By 1987, D.R. Horton began to strategically expand its operations into the nation’s most active homebuilding markets. Today, it is recognized as a national leader in the industry, thanks to its commitment to quality, flexible home designs, and affordable pricing.

The majority of D.R. Horton’s revenue comes from building single-family detached homes, catering to a diverse range of buyers including entry-level, move-up, luxury buyers, and active adults. To enhance the homebuying experience, D.R. Horton provides comprehensive mortgage financing and title agency services through its financial services segment.

D.R. Horton's organizational structure includes six regional segments, each focused on maintaining the company's high standards and facilitating seamless operations across different markets. This broad geographical footprint allows D.R. Horton to adapt to local market conditions and consumer preferences, ensuring sustained growth and market competitiveness.

In recent years, D.R. Horton has achieved significant milestones, driven by a strategic focus on market expansion and customer satisfaction. The company continues to innovate in home design and construction techniques, further solidifying its reputation for excellence in the homebuilding sector.

For the most updated news and developments about D.R. Horton, visit our latest news section below.

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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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Forestar Group Inc. reported a strong fourth quarter and fiscal year ended September 30, 2023, with a 43% increase in net income to $72.4 million in Q4 and a 44% increase in pre-tax income to $95.4 million. For the full fiscal year, net income was $166.9 million, pre-tax income was $221.6 million, and revenues were $1.4 billion on 14,040 lots sold. The company's return on equity was 13.2% and its book value per share increased 14% to $27.43.
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D.R. Horton, Inc. (NYSE:DHI) reported a net income of $1.5 billion or $4.45 per diluted share for the fourth fiscal quarter ended September 30, 2023, and $4.7 billion or $13.82 per diluted share for the fiscal year. Consolidated revenues increased 9% to $10.5 billion for the quarter and 6% to $35.5 billion for the year. The Company's debt to total capital ratio at September 30, 2023, was 18.3%. The Company repurchased 3.5 million shares of common stock for $423.1 million during the fourth quarter of fiscal 2023.
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D.R. Horton, Inc. to release Q4 and FY 2023 financial results on November 7, 2023 before the market opens. Conference call at 8:30 a.m. ET. Webcast available. Replay available until November 14, 2023.
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Forestar Group Inc. will release financial results for Q4 and fiscal year ended September 30, 2023 on November 7, 2023. Conference call to be held at 5:00 p.m. ET. Webcast available. Replay available until November 18, 2023.
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D.R. Horton promotes Paul J. Romanowski to CEO, effective October 1, 2023
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Forestar Group Inc. reported financial results for Q3 2023, with net income increasing 18% to $46.8 million and consolidated revenues increasing 20% to $368.9 million. The company sold 3,812 lots during the quarter and owned 73,000 lots as of June 30, 2023. Forestar is confident about its ability to capitalize on opportunities in the homebuilding industry.
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D.R. Horton reports net income of $1.3 billion in Q3 2023, a decrease of 19% compared to the same quarter in 2022. Consolidated revenues increased by 11% to $9.7 billion. Net sales orders increased by 37% to 22,879 homes and 26% in value to $8.7 billion.
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FAQ

What is the current stock price of D.R. Horton (DHI)?

The current stock price of D.R. Horton (DHI) is $139.61 as of December 20, 2024.

What is the market cap of D.R. Horton (DHI)?

The market cap of D.R. Horton (DHI) is approximately 44.3B.

What is D.R. Horton known for?

D.R. Horton is known for building quality crafted, distinctive homes across the United States, with a focus on high standards and affordable pricing.

Where is D.R. Horton's headquarters located?

D.R. Horton's headquarters are located in Arlington, Texas.

What types of homes does D.R. Horton build?

D.R. Horton builds single-family detached homes, catering to entry-level, move-up, luxury buyers, and active adults.

Does D.R. Horton offer any financial services?

Yes, D.R. Horton offers mortgage financing and title agency services through its financial services segment.

How many markets does D.R. Horton operate in?

D.R. Horton operates in 118 markets across 33 states.

When was D.R. Horton founded?

D.R. Horton was founded in 1978 by Donald R. Horton.

What sets D.R. Horton apart from other homebuilders?

D.R. Horton is distinguished by its high-quality homes, flexible designs, attention to detail, and affordability.

What recent achievements has D.R. Horton accomplished?

D.R. Horton has achieved significant market expansion and innovation in home design and construction techniques.

What regional segments does D.R. Horton manage?

D.R. Horton manages six regional segments across the United States.

Why is D.R. Horton referred to as 'America's Builder'?

D.R. Horton is called 'America's Builder' due to its extensive reach and reputation for building quality homes across the nation.

D.R. Horton Inc.

NYSE:DHI

DHI Rankings

DHI Stock Data

44.32B
287.36M
10.35%
83.69%
2.53%
Residential Construction
Operative Builders
Link
United States of America
ARLINGTON