CSIMarket
 
D r Horton Inc   (DHI)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $144.6200 $1.80 1.260%
Day's High: $144.8439 Week Perf: -3.45 %
Day's Low: $ 143.38 30 Day Perf: 0.29 %
Volume (M): 71 52 Wk High: $ 165.75
Volume (M$): $ 10,207 52 Wk Avg: $132.00
Open: $143.97 52 Wk Low: $100.08



 Market Capitalization (Millions $) 48,202
 Shares Outstanding (Millions) 333
 Employees 13,237
 Revenues (TTM) (Millions $) 37,063
 Net Income (TTM) (Millions $) 5,017
 Cash Flow (TTM) (Millions $) 19
 Capital Exp. (TTM) (Millions $) 141

D R Horton Inc
D.R. Horton, Inc. is a national homebuilder. We construct and sell high quality single-family homes, designed principally for first-time and move-up homebuyers, through our operating divisions in 21'states and 63 metropolitan markets of the United States, primarily under the name of D.R. Horton, America's Builder. D.R.' Horton, Inc. is a Fortune'500 company listed on the New York Stock Exchange under the ticker symbol 'DHI.

Donald R. Horton began our homebuilding business in 1978. In 1991, we were incorporated in Delaware to acquire the assets and businesses of our predecessor companies, which were residential home construction and development companies owned or controlled by Mr.'Horton. In 1992, we completed our initial public offering of our common stock. From inception, we have consistently grown the size of our company by investing our available capital into our existing homebuilding markets and into start-up operations in new markets. Additionally, from July 1993 to February 2002, we acquired 17 other homebuilding companies, which strengthened our market position in existing markets and expanded our geographic presence and product offerings in other markets. Our homes generally range in size from 1,000 to 5,000'square feet and range in price from $80,000 to $900,000.

Through our financial services operations, we provide mortgage banking and title agency services to homebuyers in many of our homebuilding markets. DHI Mortgage, our wholly owned subsidiary, provides mortgage financing services, principally to purchasers of homes we build and sell. Our subsidiary title companies serve as title insurance agents by providing title insurance policies, examination and closing services, primarily to purchasers of homes we build and sell.

Our financial reporting segments consist of homebuilding and financial services. Our homebuilding operations are a substantial part of our business. Our homebuilding segment generates the majority of its revenues from the sale of completed homes with a lesser amount from the sale of land and lots. In addition to building traditional single family detached homes, the homebuilding segment also builds attached homes, such as town homes, condominiums, duplexes, and triplexes, which share common walls and roofs.

We believe our diversification strategy mitigates the effects of local and regional economic cycles and enhances our growth potential. Typically, we do not invest material amounts of capital in real estate, including raw land, developed lots, models and speculative homes, or overhead in start-up operations in new markets, until such markets demonstrate significant growth potential and acceptance of our products. While we believe there are significant growth opportunities in our existing markets, we also intend to continue our diversification strategy by seeking to enter new markets. We continually monitor the sales, margins and returns achieved in each of our markets as part of our evaluation of the use of our capital.

Operating Division Responsibilities

Each operating division is responsible for:

Site selection, which involves

' A feasibility study;

' Soil and environmental reviews;

' Review of existing zoning and other governmental requirements;'and

' Review of the need for and extent of offsite work required to meet local building codes;

Negotiating lot option or similar contracts;

Overseeing land development;

Selecting building plans and architectural schemes;

Obtaining all necessary building approvals;

Selecting and managing construction subcontractors and suppliers;

Planning and managing homebuilding schedules;'and

Developing and implementing marketing plans.

Markets

We conduct our homebuilding operations in all of the geographic regions, states and markets listed below, and we conduct our mortgage and title operations in many of these markets as indicated in the following table:

When evaluating the viability of new or existing homebuilding markets, we consider the following factors, among others:

Regional economic conditions;

Job growth;

Land availability;

Local land development process;

New home sales activity;

Competition;

Secondary home sales activity;'and

Local housing products, features and pricing.

Typically, we acquire land only after we have completed appropriate due diligence and after we have obtained the rights ('entitlements') to begin development or construction work. Before we acquire lots or tracts of land, we will, among other things, complete a feasibility study, which includes soil tests, independent environmental studies and other engineering work, and determine that all necessary zoning and other governmental entitlements required to develop and use the property for home construction have been obtained. Although we purchase and develop land primarily to support our homebuilding activities, occasionally we sell lots and land to other developers and homebuilders.

We also enter into land/lot option contracts, in which we purchase the right, but generally not the obligation, to buy land or lots at predetermined prices on a defined schedule commensurate with anticipated home closings or planned land development. Our option contracts generally are non-recourse, which limits our financial exposure to our earnest money deposited with land and lot sellers. This enables us to control significant land and lot positions with minimal capital investment, which substantially reduces the risks associated with land ownership and development.

We limit our exposure to real estate inventory risks by:

Maintaining approximately a three to four year supply of land/lots controlled (owned and optioned);

Closely monitoring local market and demographic trends, housing preferences and related economic developments, such as new job opportunities, local growth initiatives and personal income trends;

Utilizing land/lot option contracts, where possible;

Limiting the size of acquired land parcels to smaller tracts, where possible;

Generally commencing construction of homes under contract only after receipt of a satisfactory down payment and, where applicable, the buyer's receipt of mortgage approval;'and

Closely monitoring the number of speculative homes (homes started without an executed sales contract) built in each subdivision.

Construction

Our home designs are prepared by architects in each of our markets to appeal to local tastes and preferences of homebuyers in each community. We also offer optional interior and exterior features to allow homebuyers to enhance the basic home design and to allow us to generate additional revenues from each home sold.

Substantially all of our construction work is performed by subcontractors. Our construction supervisors monitor the construction of each home, participate in important design and building decisions, coordinate the activities of subcontractors and suppliers, review the work of subcontractors for quality and cost controls and monitor compliance with zoning and building codes. Subcontractors typically are retained for a specific subdivision pursuant to a contract that obligates the subcontractor to complete construction at a fixed price. Agreements with our subcontractors and suppliers generally are negotiated for each subdivision. We compete with other homebuilders for qualified subcontractors, raw materials and lots in the markets where we operate.

Construction time for our homes depends on the weather, availability of labor, materials and supplies, size of the home, and other factors. We typically complete the construction of a home within four to six months.

We do not maintain significant inventories of construction materials, except for work in progress materials for homes under construction. Typically, the construction materials used in our operations are readily available from numerous sources. We have contracts exceeding one year with certain suppliers of our building materials that are cancelable at our option with a 30'day notice. In recent years, we have not experienced any significant delays in construction due to shortages of materials or labor.

Our operating divisions are responsible for pre-closing quality control inspections and responding to customers' post-closing needs. We believe that prompt and courteous response to homebuyers' needs during and after construction reduces post-closing repair costs, enhances our reputation for quality and service, and ultimately leads to significant repeat and referral business from the real estate community and homebuyers. We provide our homebuyers with a limited one-year warranty on workmanship and building materials. The subcontractors who perform most of the actual construction also provide us with warranties on workmanship and are generally prepared to respond to us and the homeowner promptly upon request. In addition, we provide a supplemental ten-year limited warranty that covers major construction defects.

Competition

The homebuilding industry is highly competitive. We compete in each of our markets with numerous other national, regional and local homebuilders for homebuyers, desirable properties, raw materials, skilled labor and financing. Our homes compete on the basis of quality, price, design, mortgage financing terms and location.



   Company Address: 1341 Horton Circle Arlington 76011 TX
   Company Phone Number: 390-8200   Stock Exchange / Ticker: NYSE DHI
   


Customers Net Income fell by DHI's Customers Net Profit Margin fell to

-4.46 %

19.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
KBH   -3.75%    
LEN   -4.45%    
MDC        0.11% 
NVR   -3.61%    
PHM   -4.11%    
TMHC   -5.34%    
• View Complete Report
   



D R Horton Inc

D R Horton Inc Shows Strong Financial Performance with Impressive Earnings Growth

D R Horton Inc, one of the leading homebuilding companies in the United States, has reported strong financial results for the fiscal span ending March 31, 2024. The company's earnings per share (EPS) increased by an impressive 28.94% to $3.52 per share compared to the prior year period. Additionally, the company experienced a revenue increase of 14.227% to $9.11 billion.
Compared to the preceding reporting period, D R Horton Inc saw a significant growth in profitability, with a 24.82% increase in EPS from $2.82 per share. Furthermore, the company's revenue improved by 17.877% from $7.73 billion.

D R Horton Inc

EPS Trails Revenue in Q1 2024 Earnings Season: D R Horton Inc Report Reveals Promising Growth

D R Horton Inc, a well-known homebuilding company, recently released its financial report for the October to December 31, 2023, period. While the company experienced a faster revenue growth than earnings per share (eps), the overall results showed promising growth. Revenue increased by 6.451% from the same reporting period a year ago, reaching $7.73 billion. However, profits only grew slightly by 2.17% to $2.82 per share.
Comparing the current period with the previous one, there was a significant decline in revenue by -26.448% from $10.50 billion. This drop was also reflected in the income, which faded by -37.13% from $4.49 per share. While these figures might seem concerning, it is worth noting that the comparison was made against a particularly strong prior period.

D R Horton Inc

D R Horton Inc Defies Industry Norms with Strong Revenue Growth Despite Decreased Profits

Over the past week, the shares of D R Horton Inc have shown an improvement of 0.95%. This brings the year-to-date performance of the company to 34.89%. Currently, the company's shares are trending higher and are only 7.5% below its 52-week high.
In the fiscal period from July to September 2023, D R Horton Inc announced earnings per share of $4.49 and revenue of $9.73 billion. This marks a decrease in profits compared to the fourth quarter of 2022, where the company earned $4.67 per share. However, during the same period, D R Horton Inc saw its revenue rise by 8.969%. This places the company ahead of its industry peers in terms of revenue, as the rest of the Construction Services industry only experienced a 3.19% increase in the same period.

D R Horton Inc

Eye-popping Revenue Surge Obscures EPS Slump for D R Horton Inc in Q3 2023

D R Horton Inc, a leading construction services company, faced a decline in earnings per share (EPS) in the fiscal third quarter of 2023, despite a significant increase in revenue. While revenue grew by 10.668% to $9.73 billion compared to the same period last year, income fell by -16.49% to $3.90 per share.
This situation came as a surprise to many in the industry, as the average construction services companies experienced a dramatic -2.86% decline in their business. D R Horton Inc, on the other hand, managed to achieve revenue growth and a notable increase in EPS. This performance has attracted the attention of the company's business partners, who are now seeking reliability and affordability in their dealings.






 

D R Horton Inc's Segments
 
Home sales
 Segment     of total Revenue
Landlot sales
 Segment     of total Revenue
Financial Services
 Segment     of total Revenue
Mid-Atlantic
 Segment     of total Revenue
Midwest
 Segment     of total Revenue
Southeast
 Segment     of total Revenue
Southwest
 Segment     of total Revenue
West
 Segment     of total Revenue
 
• View Complete Report

D R Horton Inc's Operating Statistics Decrease / Increase
       
Mid-Atlantic Housing Units Closed    Mid-Atlantic Housing Units Closed Growth   
Midwest Housing Units Closed   Midwest Housing Units Closed Decline   
Southeast Housing Units Closed    Southeast Housing Units Closed Growth   
Southwest Housing Units Closed    Southwest Housing Units Closed Growth   
West Housing Units Closed    West Housing Units Closed Growth   
Total Housing Units Closed   Total Housing Units Closed Decline   
Mid-Atlantic Housing Unit Avg. Sales Price ($)    Mid-Atlantic Housing Unit Avg. Sales Price ($) Growth   
Midwest Housing Unit Avg. Sales Price ($)    Midwest Housing Unit Avg. Sales Price ($) Growth   
Southeast Housing Unit Avg. Sales Price ($)    Southeast Housing Unit Avg. Sales Price ($) Growth   
Southwest Housing Unit Avg. Sales Price ($)    Southwest Housing Unit Avg. Sales Price ($) Growth   
West Housing Unit Avg. Sales Price ($)    West Housing Unit Avg. Sales Price ($) Growth   
Total Housing Unit Avg. Sales Price ($)    Total Housing Unit Avg. Sales Price ($) Growth   
Avg. Profit per Housing Unit ($)    Avg. Profit per Housing Unit ($) Growth   
Mid-Atlantic New Orders (millions $)   Mid-Atlantic New Orders (millions $) Decline   
Midwest New Orders (millions $)   Midwest New Orders (millions $) Decline   
Southeast New Orders (millions $)   Southeast New Orders (millions $)  Decline   
Southwest New Orders (millions $)   Southwest New Orders (millions $) Decline   
West New Orders (millions $)    West New Orders (millions $) Growth   
Total New Orders (millions $)   Total New Orders (millions $) Decline   
Mid-Atlantic New Orders Housing Units   Mid-Atlantic New Orders Housing Units Decline   
Midwest New Orders Housing Units   Midwest New Orders Housing Units Decline   
Southeast New Orders Housing Units   Southeast New Orders Housing Units Decline   
Southwest New Orders Housing Units   Southwest New Orders Housing Units Decline   
West New Orders Housing Units    West New Orders Housing Units Growth   
Total New Orders Housing Units   Total New Orders Housing Units Decline   




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com