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D.R. Horton Inc (DHI.N)

DHI.N on New York Stock Exchange

49.58USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

D.R. Horton reiterates proposal to acquire 75 pct of Forestar Group’s common stock for $16.25/shr
Thursday, 22 Jun 2017 07:42am EDT 

June 22 (Reuters) - D.R. Horton Inc :d.r. Horton reiterates proposal to acquire 75% of forestar group’s common stock for $16.25 per share.d.r. Horton reiterates proposal to acquire 75% of forestar group’s common stock for $16.25 per share.d.r. Horton inc - "believes its proposal will provide superior value to forestar shareholders over amended agreement with starwood capital group".  Full Article

D.R. Horton announces confidentiality agreement with Forestar Group
Friday, 9 Jun 2017 06:55am EDT 

June 9 (Reuters) - D.R. Horton Inc ::D.R. Horton, Inc announces confidentiality agreement with Forestar Group Inc.D.R. Horton - both cos to exchange information, participate in discussions related to co's proposal to but 75% outstanding shares of Forestar stock.  Full Article

D.R. Horton proposes to acquire 75 pct of Forestar
Monday, 5 Jun 2017 06:30am EDT 

June 5 (Reuters) - D.R. Horton Inc :D.R. Horton, Inc. proposes to acquire 75 percent of Forestar Group Inc. for $16.25 per share in cash.D.R. Horton Inc - D.R. Horton has cash and other immediately available capital to fund approximately $520 million investment​.D.R. Horton Inc - ‍transaction would be effected through a merger of a newly formed, wholly owned subsidiary of D.R. Horton with Forestar​.D.R. Horton Inc - under proposed transaction, Forestar would remain a public company​.D.R. Horton Inc - ‍Forestar would be led by new executive chairman Donald Tomnitz​.D.R. Horton - cash, stock elections to be prorated such that 75% of shares of Forestar outstanding before deal are converted into $16.25/share cash consideration.D.R. Horton Inc says Forestar would remain a public company, and its common stock will trade on NYSE.  Full Article

D.R. Horton announces repurchase of common stock
Tuesday, 16 May 2017 06:55am EDT 

May 16 (Reuters) - D.R. Horton Inc :Announces repurchase of common stock.Company has $39.4 million remaining on its current stock repurchase authorization, which expires on July 31, 2017.  Full Article

D.R. Horton Inc reports Q2 earnings per share $0.60
Thursday, 20 Apr 2017 06:55am EDT 

April 20 (Reuters) - D.R. Horton Inc :D.R. Horton Inc reports fiscal 2017 second quarter earnings and declares quarterly dividend of $0.10 per share.Q2 earnings per share $0.60.Q2 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue $13.6 billion to $14 billion.D.R. Horton Inc says reaffirming fiscal 2017 guidance for consolidated pre-tax profit margin in a range of 11.2% to 11.5%.D.R. Horton Inc - increasing fiscal 2017 guidance for consolidated revenues to a range of $13.6 billion to $14.0 billion and for homes closed between 44,500 and 46,000.Qtrly homes closed increased 18% in value to $3.2 billion and 15% in homes to 10,685.D.R. Horton Inc says qtrly net sales orders increased 17% in value to $4.2 billion and 14% in homes to 13,991.Sees home sales gross margin of around 20% in 2017.Qtrly co's sales order backlog of homes under contract at March 31, 2017 increased 7% to 14,618 homes and 9% in value to $4.4 billion.Sees cash flow from operations in range of $300 million to $500 million in 2017.D.R. Horton Inc says homebuilding revenue for Q2 of fiscal 2017 increased 17% to $3.2 billion from $2.7 billion in same quarter of fiscal 2016.  Full Article

Sanders Capital LLC reports 6.34 percent passive stake in D.R. Horton Inc
Wednesday, 1 Feb 2017 12:43pm EST 

D.R. Horton Inc :Sanders Capital LLC reports a 6.34 percent passive stake in D.R. Horton Inc as on December 31, 2016 - SEC filing.  Full Article

DHI Mortgage Company Ltd enters into a third amendment to second amended and restated master repurchase agreement
Tuesday, 27 Sep 2016 05:09pm EDT 

D.R. Horton Inc : D.R. Horton Inc unit DHI Mortgage Company, Ltd., entered into a third amendment to second amended and restated master repurchase agreement . Committed sums available under amended repurchase facility are increased to $700 million between September 23, 2016 and November 21, 2016 . After Nov 21,sums available under amended facility is $550 million during last 5 days of any fiscal quarter,first 25 days of following fiscal quarter .Third amendment increases maximum aggregate commitment amount available under amended repurchase facility to $800 million - SEC filing.  Full Article

D.R. Horton sees FY 2017 gross margin around 20 pct - Conf Call
Thursday, 21 Jul 2016 10:56am EDT 

D.R. Horton Inc : Says sees FY 2017 consolidated revenue to grow 10-15 pct . Says sees FY 2017 cash flow $300 mln-$500 mln . Says sees FY 2017 consolidated pre-tax margin to increase 11.2 pct-11.5 pct . Says sees ASPs to be flat to down slightly in 2017 as Express becomes bigger part of mix . Says sees FY 2017 tax rate between 35-36 pct . Says sees FY 2017 gross margin around 20 pct Further company coverage: [DHI.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

D.R. Horton reports Q3 results
Thursday, 21 Jul 2016 06:00am EDT 

D.R. Horton Inc Says "Remain Focused On Growing Our Revenues And Pre-Tax Profits At A Double-Digit Annual Pace" : Qtrly net sales orders increased 14% in value to $3.4 billion and 13% in homes to 11,714 . Qtrly sales order backlog increased 17% in value to $4.4 billion and 15% in homes to 14,670 . Qtrly sales order backlog increased 17% in value to $4.4 billion and 15% in homes to 14,670 . D.R. Horton inc says homebuilding revenue for Q3 of fiscal 2016 increased 9% to $3.1 billion from $2.9 billion in same quarter of fiscal 2015 . Homebuilding revenue for Q3 of fiscal 2016 increased 9% to $3.1 billion from $2.9 billion in same quarter of fiscal 2015 . D.R. Horton, Inc., America's Builder, reports fiscal 2016 third quarter earnings and declares quarterly dividend of $0.08 per share . Q3 earnings per share $0.66 . Q3 earnings per share view $0.66 -- Thomson Reuters I/B/E/S .Tax profits at a double-digit annual pace".  Full Article

D.R. Horton Inc declares quarterly dividend of $0.08 per share
Thursday, 21 Apr 2016 06:00am EDT 

D.R. Horton Inc:Declares quarterly dividend of $0.08 per share.  Full Article

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D.R. Horton beats profit estimate, raises 2018 forecast

Homebuilder D.R. Horton Inc reported a better-than-expected quarterly profit on Thursday and raised its fiscal 2018 revenue and cash flow forecasts, further evidence that a strong U.S. job market is feeding through to demand for houses.