D.R. Horton, Inc. Buyback
OLI recorded this information on 5/16/2017
Company:
D.R. Horton, Inc.
Buyback:
DHI buyback
$Amount Authorized:
$39,400,000
Buyback Details:
In advance of the Company's participation at an investor conference, D.R. Horton, Inc. (NYSE:DHI), America's Builder, today reported that the Company has repurchased $60.6 million (1.85 million shares) of its common stock during its current quarter ending June 30, 2017. The shares were repurchased in the open market to partially offset dilution from equity awards granted to key employees and non-management directors. The Company has $39.4 million remaining on its current stock repurchase authorization, which expires on July 31, 2017.
Horton (DR) is a homebuilding company. Co. constructs and sells homes through its operating divisions, mainly under the names of D.R. Horton, America's Builder, Emerald Homes, Express Homes and Freedom Homes. Co.'s business operations consist of homebuilding, a majority-owned residential lot development company, financial services, rental and other activities. Co. sells single-family detached homes, as well as attached homes, such as townhomes, duplexes and triplexes. Co.'s financial services operations provide mortgage financing and title agency services to homebuyers in majority of its homebuilding markets. Co.'s rental segment consists of multi-family and single-family rental operations.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 55th percentile
(ranked higher than approx. 55% of all stocks covered)
Analysts' Target Price: DHI Stock Forecast Based on Zacks ABR data; powered by Xignite |
