UPDATE 3-Homebuilder Horton hopes for better spring as higher prices bite [Reuters]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Reuters
Homebuilder Horton hopes for better spring as higher prices bite | Reuters 4 Min Read (Reuters) - D.R. Horton Inc held out hope on Friday of improved demand for its homes in the spring selling season after a tough few months where higher prices and mortgage rates kept some buyers out of the market. Shares of the largest homebuilder in the United States by volume bounced around in morning trade after a results release which underlined the impact of higher prices on demand for more expensive housing. Speaking to analysts after the company’s first-quarter results, Chief Executive Officer David Auld remained upbeat about a U.S. housing market which saw sales tumble to their lowest in three years in December and house price increases slow. “The market is performing, I would say, pretty much as we expected, maybe a little better,” he said. “It’s going to be a little easier to get people on contract through this spring if it continues.” Chief Operating Officer Michael Murray added that he ex
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News
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- 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
- 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
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