Analyst Report: D.R. Horton Inc.

Argus

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Feb 21, 2025

Summary

D.R. Horton, based in Fort Worth, Texas is one of the largest homebuilders in the U.S., with homebuilding revenue of $34 billion on 89,690 closings for the fiscal year ended September 30, 2024. To be sure, DHI may be number one based on deliveries while Lennar, whose average selling price is about $60,000 higher than DHI's, may have higher revenue in some years. The company offers homes in 125 markets in 36 states. The average home price was down about 1% to $378,000 in FY24. The company's financial services segment also provides mortgage financing and title agency services. DHI's Rental division generated $1.7 billion of revenue in 2024

The company's fiscal year ends

Chris Graja, CFA

Senior Analyst: Retail

Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.