Dallas, Texas 08/19/2013 (Financialstrend) – During the last trading session, the shares of D.R. Horton, Inc. (NYSE:DHI) were reported to close at the price of $ 19.00. A total number of 13.33 million shares were exchanged hands during the session. For the day, the stock of D.R. Horton Inc opened at the price of $ 19.23. It was noted during the last trading session that the lowest price of the stock was $ 18.73 while the highest price was $ 19.87. For the 52-week period, the price of the stock of D.R. Horton Inc was remaining between the values of $ 17.59 and $27.75. At present, D.R. Horton Inc has a total number of 322.84 million shares outstanding in the market with the total market capitalization value of around $ 6.13 billion.
The growth in the company’s stock is mainly due to the growing demand for the single detached and attached homes in the United States. It is to be noted that the demand for homes and buildings like condos, triplexes and duplexes as well as the town homes started increasing again after the crisis during the year 2008. More fortunately, D.R. Horton Inc is constructing these sorts of homes on the lands that were acquired by them and these progresses towards growth.
If the company’s results for the previous 4 quarters were observed, one could notice a tremendous growth in the revenue of the company. When the revenue of the company that was generated during the first quarter 2012 is compared with the revenue that was generated during the first quarter of the year 2013, one could notice that the revenue of D.R. Horton Inc has grown manifold. It is the similar case for the revenues that were generated during Q2 2012 and Q2 2013. Moreover, a steady increase in the operating income and operating margin of D.R. Horton Inc were noted.