Homebuilder D.R. Horton worked big deals for land and cattle with chairman’s sons [Los Angeles Times (CA)]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Los Angeles Times
Homebuilder D.R. Horton worked big deals for land and cattle with chairman’s sons D.R. Horton Inc. plows billions of dollars a year into land for tens of thousands of homes across the U.S. But a smattering of its development deals go to some top executives’ family members, who could profit handsomely. The nation’s largest homebuilder spent more than $8 million buying property in the last two years from companies that were led by children of its chairman and its CEO. It has agreements to buy more property worth as much as $114 million from them. For one of those deals, the company’s billionaire chairman lent tens of millions of dollars to his two adult sons to finance a land purchase in Arizona. The publicly traded company also paid the chairman’s sons for more than 200 head of cattle. Those transactions are disclosed in recent federal securities filings by the Arlington, Texas, company, which note that its compliance officer and independent directors reviewed several of them. The comp
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- 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
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- DHI's page on the SEC website