The Housing Boom Is Over. But Housing Stocks Could Still Be Winners. [MarketWatch]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: MarketWatch
Home-building stocks, however, are looking past the current gloom. Though many of them are down 30% or more this year, they've gained an average of 20% off the June lows—and even the latest downbeat housing data hasn't knocked them down. More gains may be ahead, particularly if a much-anticipated pivot by the Federal Reserve to a more accommodative monetary policy materializes in early 2023. That prospect looks likelier after Chairman Jerome Powell suggested this past week that the Fed will be more restrained with rate hikes. “If the Fed succeeds and slows the economy and inflation, a leadership group coming out of all this will be home builders,” says Bill Smead, co-manager of the Smead Value fund, which holds positions in builders D.R. Horton (ticker: DHI), Lennar (LEN), and NVR (NVR). Even now, there are positives for home builders. Valuations are low. The group trades at an average of eight times next year's projected earnings and many are below book value. Profits are proj
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News
- California's $250 Million 'Dream For All' Program Shells Out $150K In First-Time Homebuyer Funds Despite State's $73 Billion Deficit [Yahoo! Finance]Yahoo! Finance
- Innovative Community: The future of Albuquerque resides at Mesa del Sol [Yahoo! Finance]Yahoo! Finance
- This Bargain-Priced Homebuilder Stock Just Raised Its Guidance. Is It a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Earnings Beat: D.R. Horton, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- 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