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Before Monday’s opening bell, D.R. Horton, Inc. (DHI) released its first quarter financial results. Here’s what the results mean for mutual fund investors.
Earnings
Net income rose to $142.5 million, or 39 cents per share, from $123.2 million, or 38 cents per share, last year. Analysts expected to see EPS of 35 cents .
Revenue
Revenue came in at $2.24 billion, compared to $1.63 billion last year. Analysts expected to see revenue of $2.18 billion.
Homebuilders like D.R. Horton have rallied since its 2009-2011 lows. Interest rates have been low for a while, leaving many investors wondering what the next catalysts could be for homebuilders. We expect to see shares of DHI consolidate for the time being.
Investors interested in DHI may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VMCIX | Vanguard Mid Cap Index | 1.61% |
| VTSMX | Vanguard 500 Index | 1.51% |
| FLPSX | Fidelity® Low-Priced Stock | 1.42% |
The funds listed above allow investors to gain exposure to DHI while remaining diversified. Investors interested in DHI may also be interested in Ryland Group (RYL) and Lennar Corporation (LEN).
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