D.R. Horton, Inc. reported that its wholly owned mortgage subsidiary, DHI Mortgage Company, Ltd., amended a major repurchase financing facility used to fund mortgage-loan activity. Effective May 6, 2026, DHI Mortgage entered into a Fifth Amendment to its Fourth Amended and Restated Master Repurchase Agreement, originally dated February 18, 2022. The amendment was signed with U.S. Bank National Association, acting as administrative agent, joint book runner, joint lead arranger and a buyer, along with the other buyers party to the facility. Under the amendment, the parties increased the facility’s Maximum Aggregate Commitment to $1.925 billion and extended the maturity date to May 4, 2029, subject to additional extension options. The amendment also modified certain pricing terms and fees, as well as certain financial covenants. The facility provides financing and liquidity to DHI Mortgage through repurchase-style transactions involving eligible mortgage loans. In these transactions, DHI Mortgage transfers eligible loans to the buyers in exchange for funds, with those loans becoming “purchased loans” under the agreement. The amended arrangement also incorporates related operative documents, including a Second Amendment to the Second Amended and Restated Custody Agreement dated May 6, 2026, between DHI Mortgage and U.S. Bank. D.R. Horton noted that amounts outstanding under the amended repurchase facility are not guaranteed by D.R. Horton, Inc. or by subsidiaries that guarantee debt tied to its homebuilding, rental or Forestar operations. The company reported the agreement under Item 1.01, Entry into a Material Definitive Agreement, and Item 2.03, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
Stock detail
D.R. Horton (DHI) stock price, chart, and key data
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Stock detail
D.R. Horton
DHI · XNYS
+$22.35 (+15.53%) past day
$166.31
Pre-market $142.52 (-14.30%)
Key metrics
Financials
Quarterly revenue, profitability, and balance-sheet snapshot
Dividend
Past Dividend Performance
$0.45
$0.45
$0.45
Annual Dividend Yield
1.08%
Dividend
$0.45 / Stock
Frequency
Quarterly Payment
Day range
$140.33 - $145.26
Close price
$143.52
Market cap
$41.1B
P/E ratio
15.59
About the company
D.R. Horton Inc.
D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 120 on the 2024 Fortune 500 list of the largest United States corporations by revenue. The company operates in 125 markets across 36 states. D.R. Horton operates four brands: D.R. Horton, Emerald Homes, Express Homes, and Freedom Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as luxury real estate. Freedom Homes caters to the active adult community.
Analyst rating summary
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Mean target
$168
7
Hold
/ 13
Recent calls
07/14/2026
Truist Financial
Jonathan Bettenhausen
Hold
07/14/2026
BTIG
Ryan Gilbert
Buy · Price target $188
07/14/2026
Barclays
Matthew Bouley
Hold · Price target $141
Ticker holders
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#1Ron Wyden
democrat · Senate · OR
- —2,682 / 1,788 / 3,576
#2Kelly Morrison
democrat · House · MN-3
- —232 / 107 / 357
#3Rob Bresnahan
republican · House · PA-8
- —69 / 8 / 130
#4Josh Gottheimer
democrat · House · NJ-5
- —66 / 8 / 124
#5Donald J Trump
republican · Executive
- —50 / 6 / 95
#6Lisa McClain
republican · House · MI-9
- —13 / 1 / 24
#7Gilbert Cisneros
democrat · House · CA-31
- —6 / 0 / 12
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