US23331A1097 - Common Stock
DR HORTON INC
NYSE:DHI (11/15/2024, 8:04:00 PM)
After market: 161.64 +0.03 (+0.02%)161.61
-2.13 (-1.3%)
D.R.Horton, Inc. engages in the construction and sale of single-family housing. The company is headquartered in Arlington, Texas and currently employs 13,450 full-time employees. Horton, Inc. is a homebuilding company. The firm is primarily engaged in the acquisition and development of land and the construction and sale of residential homes. Its segments include Homebuilding, Rental, Forestar, Financial Services, and Other. The Company’s Homebuilding segment designs, builds and sells single-family detached homes on lots they develop and on fully developed lots purchased ready for home construction. The Rental segment consists of single-family and multi-family rental operations. The single-family rental operations primarily construct and lease single-family homes within a community and then market each community for a bulk sale of rental homes. The Forestar segment is a residential lot development company. The Financial services segment provides mortgage financing, title agency services and title insurance to homebuyers in many of the Company’s homebuilding markets. In addition, it also conducts insurance-related operations.
DR HORTON INC
1341 Horton Cir
Arlington TEXAS 76011
P: 18173908200
CEO: David V. Auld
Employees: 13450
Website: https://www.drhorton.com/
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Shares of homebuilder (NYSE:DHI) fell 12.5% in the morning session after the company reported weak third-quarter earnings results. Its full-year revenue guidance missed, and its EBITDA fell short of Wall Street's estimates. DHI highlighted macro challenges similar to some of the housing stocks that have reported this season. Management added "We believe that rate volatility and uncertainty are causing some buyers to stay on the sidelines in the near term." Overall, this was a softer quarter.
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