{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"D.R. Horton Stock: America’s #1 Homebuilder Beat Earnings — So Why We Say HOLD","slug":"d-r-horton-stock-america-s-1-homebuilder-beat-earnings-so-why-we-say-hold","published_at":"2026-07-26T15:50:13+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/d-r-horton-stock-america-s-1-homebuilder-beat-earnings-so-why-we-say-hold","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/dr-horton-stock-america-s-1-homebuilder-beat-earnings-%e2%80%94-so-why-we-say-hold/","audio_url":"https://mcdn.podbean.com/mf/web/t8dhid6mafh5kq8o/audio_b.mp3","summary":"D.R. Horton (DHI) Q3 FY2026 — D.R. Horton (DHI), America's largest homebuilder by volume, reported fiscal Q3 2026 (quarter ended June 30, 2026): diluted EPS of $3.20 beat the ~$3.07 estimate but FELL 5% year-over-year, with net income down 12% to $904.9M on flat revenue of $9.2B. Homes closed rose 4% to 23,983 (high end of guidance), but home sales gross margin slipped to 20.7% (off the ~24% peak) as the company leaned on mortgage-rate buydowns and incentives. Net sales orders were flat at 23,084 homes ($8.4B) and the cancellation rate jumped to 20% from 17% — a demand-softening tell. The balance sheet stays a fortress: 23% debt-to-capital, $6.1B liquidity, book value/share up 5% to $84.85, and $742.8M returned in Q3 ($615.7M buybacks + $127.1M dividends), shrinking shares ~6%. Management trimmed FY26 revenue guidance to $32.5-33.0B (~84,000 homes) and reaffirmed ~$2.5B of buybacks. The stock (~$147) is down ~20% from its $185 high, near the 52-week low. At ~14x trailing earnings it looks cheap, but our mid-cycle DCF and ~1.6x-book cross-check land fair value near $135 — modestly below the price on earnings that are past their peak. Our call: HOLD, 3/5. The Street also rates it Hold (~$164 avg target), so we're aligned on the verdict, a shade more cautious on value. D.R. Horton (DHI) is America's Builder — the largest US homebuilder by volume since 2002, roughly 85,000 homes a year across 126 markets in 36 states. Fiscal Q3 2026 (ended June 30, 2026) was a beat that isn't what it looks like: diluted EPS of $3.20 topped the ~$3.07 estimate but fell 5% YoY, net income dropped 12% to $904.9M, and revenue was flat at $9.2B. Homes closed rose 4% to 23,983 (high end of guidance) — but the company is buying that volume with price: home sales gross margin fell to 20.7% (from t…","meta_description":"D.R. Horton (DHI) Q3 FY2026 — D.R. Horton (DHI), America's largest homebuilder by volume, reported fiscal Q3 2026 (quarter ended June 30, 2026): diluted E…","key_points":[],"chapters":[],"topics":[],"duration_seconds":864,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/d-r-horton-stock-america-s-1-homebuilder-beat-earnings-so-why-we-say-hold/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/d-r-horton-stock-america-s-1-homebuilder-beat-earnings-so-why-we-say-hold.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}