D.R. Horton, Inc. Acquires the Homebuilding Operations of Westport Homes
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Business Wire
ARLINGTON, Texas--(BUSINESS WIRE)-- D.R. Horton, Inc. (NYSE:DHI), America’s Builder, today announced the acquisition of Westport Homes (Westport), a top five homebuilder by volume in Indianapolis and Fort Wayne, Indiana, and Columbus, Ohio. The homebuilding assets acquired include approximately 3,500 lots, 400 homes in inventory and 550 homes in sales order backlog, the majority of which relate to Westport’s Indianapolis and Columbus operations. D.R. Horton also acquired control of approximately 3,200 lots through option contracts. For the twelve months ended October 31, 2018, Westport closed 886 homes ($234 million in revenue) with an average home size of approximately 2,200 square feet and an average sales price of $264,000. D.R. Horton expects to pay approximately $190 million in cash for the purchase, and Westport will operate as a separate division within D.R. Horton. Donald R. Horton, Chairman
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News
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Royal Bank of Canada from $142.00 to $141.00. They now have an "underperform" rating on the stock.MarketBeat
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Bank of America Co. from $182.00 to $168.00. They now have a "buy" rating on the stock.MarketBeat
- D.R. Horton, Inc. (NYSE:DHI) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- D.R. Horton, Inc. (NYSE: DHI) had its price target raised by analysts at Jefferies Financial Group Inc. from $141.00 to $153.00. They now have a "hold" rating on the stock.MarketBeat
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Barclays PLC from $186.00 to $176.00. They now have an "overweight" rating on the stock.MarketBeat
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/18/24 - Form 8-K
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- DHI's page on the SEC website