DHI

D.R. Horton Inc.

Industrial/Transportation, Finance/Real Estate


Presented:08/22/2022
Price:$72.70
Cap:$25.26B
Current Price:$189.40
Cap:$61.75B

Presented

Date08/22/2022
Price$72.70
Market Cap$25.26B
Ent Value$28.08B
P/E Ratio4.67x
Book Value$52.00
Div Yield0.93%
Shares O/S347.48M
Ave Daily Vol3,542,250
Short Int5.57%

Current

Price$189.40
Market Cap$61.75B
D.R. Horton, Inc. engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, and Rental. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes. The Forestar segment invests in land acquisition and development to expand its business across the United States. The Financial Services segment sells mortgages and collects fees for title insurance agency and closing services. The Rental segment consists of multi-family and single-family rental operations. The company was founded by Donald Ray Horton in 1978 and is headquartered in Arlington, TX.

Publicly traded companies mentioned herein: DR Horton Inc (DHI), Lennar Corp (LEN), NVR Inc (NVR)

Highlights

The presenter is long shares of DR Horton Inc (DHI), believing that the recent changes in the business model (reducing cyclicality and leverage) is lost on investors. He thinks a downturn is needed for DHI to realize the multiple expansion it deserves and is confident that will occur next year. By the end of 2023, as investors look out to a more normalized 2024, the multiple expansion can occur and the stock can double from the current $75 per share.

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Idea Discussion

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