D.R. Horton, Inc. (DHI)

Over the past six months, D.R. Horton's stock price has experienced fluctuations, decreasing by 8.28%. The stock price has decreased by 13.78% between June 24, 2024, and June 20, 2025. The stock was down 9.39% over the past 12 months as of June 27, 2025. The slower spring selling season, earnings miss, and forecast cut impacted DHI's stock. D.R. Horton announced an equity buyback plan for $5 billion and declared a second-quarter dividend of $0.40. High home prices, elevated interest rates, and economic uncertainty have been cited as factors that could cause a slowdown in housing demand.

Demand for D.R. Horton's products is subject to seasonality, with the spring selling season being key, although the 2025 season started slower due to affordability issues and declining consumer confidence. The company's strategy for speculative homes is influenced by local market factors, including seasonality, housing demand and supply, and sales contract cancellation trends. The company aims to maintain a level of speculative home inventory based on its current and planned sales pace and adjusts this inventory as needed.

D.R. Horton, Inc. is the largest homebuilder by volume in the United States since 2002, headquartered in Arlington, Texas. The company acquires and develops land, and constructs and sells residential homes, predominantly single-family detached homes. D.R. Horton caters to a diverse range of homebuyers, operating under several brands: D.R. Horton, Emerald Homes, Express Homes, and Freedom Homes. The company provides integrated financial services and operates rental properties and Forestar, a residential lot development company.

D.R. Horton operates in 126 markets across 36 states in the United States, organized into six geographical segments: Northwest, Southwest, South Central, Southeast, East, and North. Key states for D.R. Horton's market presence include Texas, Florida, Arizona, North Carolina, and Georgia.

D.R. Horton has a strong brand reputation for quality, value, and customer service, known as "America's Builder" and the largest homebuilder by volume in the U.S. since 2002. The slower spring selling season, earnings miss, and forecast adjustments could indirectly affect brand perception. The passing of founder Donald R. Horton and the appointment of David V. Auld as the new executive chairman aimed for a smooth transition.

D.R. Horton, Inc. is a public company with institutional investors holding the majority of shares, approximately 81.04% to 85%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and JPMorgan Chase & Co. Individual ownership accounts for about 14% to 16.50% of the company. Donald R. Horton, the company's founder, owned approximately 1.40% of the company's shares.