D.R. Horton sees 10% to 15% revenue growth in 2019.
The homebuilder stocks Morningstar covers--D.R. Horton, Lennar, NVR, PulteGroup, and Toll Brothers--traded down Sept. 13 as Hurricane Florence, which was downgraded to a Category 2 storm on the evening of Sept. 12, closed in on the Carolina coast. Natural disasters like hurricanes can be a double-edge sword for homebuilders. On the one hand, the near-term impact is no doubt unfavorable as closed active communities result in delayed sales orders, and damaged construction in progress (which is gen...D.R. Horton is a homebuilding company. The company's business operations consist of homebuilding, a majority-owned residential lot development company, financial services and other activities. The company's financial services operations provide mortgage financing and title agency services to homebuyers in its homebuilding markets. The company's subsidiary, DHI Mortgage, provides mortgage financing services primarily to its homebuyers and generally sells the mortgages it originates and the related servicing rights to third-party purchasers. The company's subsidiary title companies serve as title insurance agents by providing title insurance policies, examination and closing services, primarily to its homebuyers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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