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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.
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.
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.
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