D.R. Horton Approved A New Share Repurchase Authorization Totaling $4B
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton has approved a new share repurchase authorization totaling $4 billion.
July 18, 2024 | 10:42 am
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D.R. Horton has approved a new share repurchase authorization totaling $4 billion, which is likely to positively impact the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share and often lead to a higher stock price. The substantial $4 billion authorization indicates strong confidence from the company in its financial health and future prospects.
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