D.R. Horton (NYSE:DHI) Issues Quarterly Earnings Results

D.R. Horton (NYSE:DHI - Get Free Report) posted its earnings results on Tuesday. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.46, Zacks reports. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The business's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 earnings per share. D.R. Horton updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $2.56 during trading on Thursday, reaching $145.61. The company's stock had a trading volume of 2,985,850 shares, compared to its average volume of 3,789,229. The business has a 50 day moving average price of $127.17 and a 200-day moving average price of $129.13. The company has a market capitalization of $44.73 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 3.38 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. D.R. Horton's dividend payout ratio is currently 12.83%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays decreased their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday. BTIG Research reduced their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wedbush raised their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price target on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $153.23.

Insider Buying and Selling

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in D.R. Horton stock. Geneos Wealth Management Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 295.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 609 shares of the construction company's stock after buying an additional 455 shares during the quarter. Geneos Wealth Management Inc.'s holdings in D.R. Horton were worth $77,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

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.