Q2 2024 EPS Estimates for D.R. Horton, Inc. Cut by Zacks Research (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Zacks Research decreased their Q2 2024 earnings estimates for shares of D.R. Horton in a research note issued on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now expects that the construction company will earn $3.01 per share for the quarter, down from their prior estimate of $3.03. The consensus estimate for D.R. Horton’s current full-year earnings is $14.24 per share. Zacks Research also issued estimates for D.R. Horton’s Q3 2024 earnings at $4.07 EPS, Q4 2024 earnings at $4.02 EPS, FY2024 earnings at $13.93 EPS, Q1 2025 earnings at $3.03 EPS, Q2 2025 earnings at $3.34 EPS, Q3 2025 earnings at $4.24 EPS, Q4 2025 earnings at $4.25 EPS, FY2025 earnings at $14.86 EPS, Q1 2026 earnings at $3.33 EPS, Q2 2026 earnings at $3.71 EPS and FY2026 earnings at $16.27 EPS.

A number of other research firms have also issued reports on DHI. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. JMP Securities upped their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. UBS Group upped their target price on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Finally, Citigroup increased their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

D.R. Horton Price Performance

NYSE:DHI opened at $145.74 on Wednesday. The firm has a market cap of $48.36 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average is $151.94 and its two-hundred day moving average is $138.37. D.R. Horton has a 12-month low of $100.08 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. D.R. Horton’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.76 earnings per share.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 over the last 90 days. 1.74% of the stock is owned by corporate insiders.

Institutional Trading of D.R. Horton

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the first quarter worth approximately $27,000. Clear Street Markets LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth approximately $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton during the first quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the first quarter worth approximately $30,000. Finally, Mascoma Wealth Management LLC grew its position in shares of D.R. Horton by 345.6% during the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.