D.R. Horton, Inc.(NYSE:DHI) Marks Increase In Sales


Dallas, Texas 03/13/2014 (FINANCIALSTRENDS) – D.R. Horton, Inc.(NYSE:DHI) is the Fort Worth based building company, which is popular for the range of homebuilding projects it is currently involved with. The company has over the years developed a range of markets which are created and sustained under the brand name of D.R.Horton, America’s Builder.  It has to be noted that the company has been successful thus far, by adopting two levels of services- these are the constructing stages and the second is offering financial support to home buyers.

The company also holds a home financing subsidiary called DHI Mortgage. Under this company, the company engages in providing a range of mortgage financing services.  The company will then use the same to customers of its homes, to sell the mortgage to where it originates. It also provides the same to third party purchasers. The company has also acquired homebuilding operations provider – Breland Homes.

D.R. Horton, Inc.(NYSE:DHI) holds market cap of $7.33 billion. The profit to earnings ratio for the company is 15.56. The average volume for the company is 7.79 million shares. The company is also engaged in trading on the stock market at an infra-day price range of $22.70 high and $22.25 low. The Company holds a 52 week high of $27.75 and 52 week low of $17.52. The dividend is 0.04 and yield generated is 0.66. EPS is 1.46. Outstanding shares the company holds if 323.57 million. Beta is 1.51 for the company. The company has been seeing an increase in the sales over the season, reporting an annual rate increase of 9.6 %, which is much higher than the December-based 2.2% increase by January 2013. This is contrary to expectation that there would actually be a drop in sales by over 400,000. As per current statistics, the company holds less than 4.7 month supply as against 5 month supply in December.