THE TRUTH ABOUT: D r horton inc org - The Untold Story

JPMorgan analyst Michael Rehaut maintained an Overweight rating on D R Horton Inc (NYSE:DHI) shares and reduced the price target from $132 to $100, implying a 22.6% upside. The analyst expects several headwinds to persist for homebuilding stocks over the near to medium term. Rehaut takes a less constructive and more selective approach to the…

D R Horton Inc (NYSE:DHI) reported first-quarter FY22 sales growth of 18.9% year-over-year to $7.05 billion, beating the consensus of $6.71 billion. Homebuilding revenue rose 17% Y/Y to $6.7 billion. Homes closed in the quarter decreased 2% to 18,396 homes versus 18,739 in 1Q21. EPS improved to $3.17 from $2.14 in 1Q21, beating…