Research Analysts Set Expectations for D.R. Horton, Inc.’s Q2 2024 Earnings (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Zacks Research cut their Q2 2024 earnings estimates for D.R. Horton in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings of $3.01 per share for the quarter, down from their prior forecast 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.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the previous year, the firm earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis.

A number of other research analysts also recently issued reports on DHI. Wedbush reiterated an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. UBS Group boosted their price objective on shares of D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Barclays boosted their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, JMP Securities lifted 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

D.R. Horton Stock Up 0.1 %

Shares of D.R. Horton stock opened at $145.91 on Wednesday. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a 50 day moving average of $151.97 and a 200 day moving average of $138.42. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $48.42 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

Insider Transactions at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 in the last ninety days. 1.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DHI. Vanguard Group Inc. grew its position in D.R. Horton by 1.1% in the first quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after acquiring an additional 406,429 shares in the last quarter. State Street Corp lifted its stake in D.R. Horton by 3.6% in the first quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock valued at $1,339,558,000 after buying an additional 480,247 shares during the last quarter. Geode Capital Management LLC lifted its stake in D.R. Horton by 0.7% in the first quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock valued at $635,060,000 after buying an additional 45,030 shares during the last quarter. Invesco Ltd. increased its holdings in shares of D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after purchasing an additional 694,155 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its holdings in shares of D.R. Horton by 101,707.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after purchasing an additional 4,364,275 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.