D.R. Horton, Inc. (NYSE:DHI) Forecasted to Post Q3 2024 Earnings of $3.98 Per Share

D.R. Horton, Inc. (NYSE:DHI) – Equities researchers at BTIG Research issued their Q3 2024 earnings estimates for D.R. Horton in a report released on Sunday, July 7th. BTIG Research analyst C. Reichardt expects that the construction company will earn $3.98 per share for the quarter. BTIG Research has a “Buy” rating and a $169.00 price objective on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.25 per share. BTIG Research also issued estimates for D.R. Horton’s Q4 2024 earnings at $4.24 EPS, FY2024 earnings at $14.55 EPS, Q1 2025 earnings at $2.86 EPS, Q2 2025 earnings at $3.18 EPS, Q3 2025 earnings at $4.84 EPS, Q4 2025 earnings at $5.53 EPS, FY2025 earnings at $16.40 EPS and Q1 2026 earnings at $3.35 EPS.

A number of other analysts have also weighed in on DHI. UBS Group increased their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Jefferies Financial Group increased their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Bank of America dropped their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Finally, StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.75.

D.R. Horton Stock Performance

D.R. Horton stock opened at $149.73 on Wednesday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $143.86 and a 200-day moving average of $147.87. The firm has a market cap of $49.31 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.68 and a beta of 1.71. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.73 earnings per share.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in D.R. Horton in the first quarter valued at about $27,000. RiverPark Advisors LLC purchased a new stake in D.R. Horton during the first quarter valued at approximately $29,000. Riverview Trust Co bought a new position in D.R. Horton in the first quarter worth approximately $30,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton during the 4th quarter valued at $38,000. Finally, Private Wealth Management Group LLC bought a new position in D.R. Horton in the 4th quarter worth $42,000. 90.63% of the stock is owned by institutional investors.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is owned by insiders.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is 8.17%.

D.R. Horton Company Profile

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.