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General Contractors & Builders M&A image General Contractors & Builders M&A » By The Online Investor Staff, updated Thu., Apr. 22, 12:44 PM Recent mergers and acquisitions in the General Contractors & Builders M&A category.

Slide #11. D.R. Horton, Inc. Homebuilding Assets of Breland Homes

Acquirer: D.R. Horton, Inc. (NYSE:DHI)
Acquiree: Homebuilding Assets of Breland Homes
Details: D.R. Horton, Inc. announced the acquisition of the homebuilding operations of Breland Homes (Breland), which operates in Huntsville, Mobile and Baldwin County in Alabama and along the gulf coast of Mississippi. The homebuilding operating assets included approximately 320 homes in inventory and 1,020 finished lots. D.R. Horton will also control an additional 3,700 lots through option contracts. In calendar 2011, Breland closed 684 homes ($130 million in revenue), and was ranked as the 38th largest builder in the United States by Builder Magazine. Breland's average home size is approximately 2,200 square feet with an average sales price of $200,000.

D.R. Horton is a homebuilding company. Co.'s business operations consist of homebuilding, a majority-owned residential lot development company, financial services and other activities. Co.'s financial services operations provide mortgage financing and title agency services to homebuyers in its homebuilding markets. Co.'s subsidiary, DHI Mortgage, provides mortgage financing services primarily to its homebuyers and sells the mortgages it originates and the related servicing rights to third-party purchasers. Co.'s subsidiary title companies serve as title insurance agents by providing title insurance policies, examination and closing services, primarily to its homebuyers.

D.R. Horton SEC Filing Email Alerts Service


Open the DHI Page at The Online Investor »

Company Name: 
Horton (DR) Inc
Stock buyback: 
DHI buyback
Website: 
www.drhorton.com
Sector: 
General Contractors & Builders
Number of ETFs Holding DHI: 
113
Total Market Value Held by ETFs: 
$4.90B
Total Market Capitalization: 
$33.44B
% of Market Cap. Held by ETFs: 
14.66%
 

Open the DHI Page at The Online Investor (in a new window) »

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Strong Buy (3.50 out of 4)
56th percentile
(ranked higher than approx. 56% of all stocks covered)

Analysts' Target Price:
DHI Stock Forecast

Based on Zacks ABR data;
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