D.R. Horton, Inc. is a homebuilding company. Co. is primarily engaged in the acquisition and development of land and the construction and sale of residential homes. Its segments include Homebuilding, Rental, Forestar, Financial Services, and Other. Co.'s Homebuilding segment designs, builds and sells single-family detached homes on lots they develop and on fully developed lots purchased ready for home construction. The Rental segment consists of single-family and multi-family rental operations. The single-family rental operations primarily construct and lease single-family homes within a community and then market each community for a bulk sale of rental homes. We show 61 historical shares outstanding datapoints in our DHI shares outstanding history coverage, used to compute DHI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DHI market cap history over the course of time is important for investors
interested in comparing DHI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DHI versus a peer is one thing; comparing
DHI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DHI can fluctuate over the course of history.
With this page we aim to empower investors researching DHI by allowing them to research the DHI market cap history. |
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Video: The Importance of Market Cap
