D.R. Horton, Inc. (DHI)

Over the past six months, D.R. Horton's stock price has fluctuated, with a decline of 14.70% from July 15, 2024, to $129.80 as of July 15, 2025, and a 24.48% decrease over the last year as of July 22, 2025. Key events include Q1 fiscal year 2025 earnings reports missing estimates, leading to a stock price drop, and Q2 2025 earnings missing estimates but revenue beating forecasts, causing a pre-market stock rise. Revenue and EPS expectations for FY2025 have been revised downward, yet the stock price increased. Brokerages have an average "Hold" rating on DHI. Insiders have engaged in more sales than purchases, and members of Congress have traded DHI stock. The housing market's affordability constraints and cautious consumer sentiment have led to increased sales incentives from D.R. Horton.

Demand for D.R. Horton's products is seasonal, with the spring selling season being a key period, although the spring selling season in 2025 started slowly. Overall demand is influenced by affordability constraints and cautious consumer sentiment. High home prices and elevated mortgage rates have been noted as factors that could temper demand. D.R. Horton has been increasing sales incentives and selectively lowering base home prices to improve affordability. The long-term outlook remains constructive due to a continued need for more homes and favorable demographics.

D.R. Horton, Inc. is a leading American home construction company, known as "America's Builder" and the largest homebuilder by volume in the U.S. since 2002. The company operates in the Consumer Cyclicals sector, focusing on land acquisition and development, and the construction and sale of residential homes catering to various buyer segments. They offer diverse architectural styles with energy-efficient features and customization options. D.R. Horton operates under several brands, including D.R. Horton, Emerald Homes, Express Homes, and Freedom Homes, and provides integrated financial services. The company is also involved in residential lot development through Forestar Group Inc. and develops, constructs, owns, leases, and sells multi-family and single-family rental properties.

D.R. Horton has a broad geographic footprint across the United States, operating in 125 markets spanning 36 states. This extensive presence reduces dependency on single markets and allows adaptation to regional trends. The company focuses on high-growth markets, including the Southeast, Southwest, Texas Triangle Metropolitan Area, and Florida Growth Corridor. As of 2024, the top five states by market presence are Texas, Florida, Arizona, North Carolina, and Georgia.

D.R. Horton has a strong brand reputation for quality, value, and customer service, attracting a wide range of homebuyers. The company is recognized as "America's Builder" and consistently ranks among the top homebuilders in the U.S. D.R. Horton released its inaugural ESG Report in fiscal year 2023, highlighting initiatives in workforce health and safety, human capital management, diversity and inclusion, energy efficiency, climate change, business ethics, and data privacy. D.R. Horton is included in the Dow Jones Sustainability North American Index. No specific negative events significantly impacting D.R. Horton's brand reputation in the past year were found.

D.R. Horton, Inc. is primarily owned by institutional investors, holding between 83% and 85% of the company's shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and JPMorgan Chase & Co. The general public holds approximately 14% to 15% of the company's ownership. Insiders own a smaller portion, around 0.54% to 0.65% of the stock. Hedge funds do not have a meaningful investment in D.R. Horton.