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. We show 59 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 Horton market cap history over the course of time is important for investors
interested in comparing Horton'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 Horton versus a peer is one thing; comparing
Horton 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 Horton can fluctuate over the course of history.
With this page we aim to empower investors researching Horton by allowing them to research the Horton market cap history. |
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Video: The Importance of Market Cap
