Q3 2024 EPS Estimates for D.R. Horton, Inc. (NYSE:DHI) Decreased by Wedbush

D.R. Horton, Inc. (NYSE:DHI - Free Report) - Research analysts at Wedbush decreased their Q3 2024 earnings estimates for D.R. Horton in a note issued to investors on Thursday, April 18th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $3.62 per share for the quarter, down from their prior estimate of $3.74. Wedbush has a "Underperform" rating and a $130.00 price objective on the stock. The consensus estimate for D.R. Horton's current full-year earnings is $14.24 per share. Wedbush also issued estimates for D.R. Horton's Q4 2024 earnings at $3.93 EPS, Q1 2025 earnings at $2.63 EPS, Q2 2025 earnings at $3.23 EPS and FY2025 earnings at $14.68 EPS.

Several other research firms also recently issued reports on DHI. Seaport Res Ptn downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. The Goldman Sachs Group increased their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. UBS Group increased their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a "buy" rating in a research report on Friday. Bank of America decreased their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a "buy" rating for the company in a research report on Friday. Finally, JMP Securities increased their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a "market outperform" rating in a research 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 given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $158.06.

D.R. Horton Stock Down 2.5 %

D.R. Horton stock traded down $3.69 during midday trading on Friday, reaching $142.19. The company's stock had a trading volume of 3,370,718 shares, compared to its average volume of 2,581,138. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The stock has a market capitalization of $47.18 billion, a P/E ratio of 10.23, a PEG ratio of 0.72 and a beta of 1.64. The stock's 50-day simple moving average is $151.91 and its 200-day simple moving average is $138.67. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the prior year, the business posted $2.73 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in the stock. FORVIS Wealth Advisors LLC grew its stake in D.R. Horton by 23.4% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 15,294 shares of the construction company's stock valued at $2,517,000 after acquiring an additional 2,900 shares during the period. American National Bank & Trust Co. VA acquired a new stake in D.R. Horton in the 1st quarter valued at $266,000. Retirement Guys Formula LLC purchased a new position in D.R. Horton in the 1st quarter valued at $1,307,000. First Trust Direct Indexing L.P. lifted its holdings in D.R. Horton by 7.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 8,531 shares of the construction company's stock valued at $1,404,000 after purchasing an additional 605 shares in the last quarter. Finally, DMC Group LLC lifted its holdings in D.R. Horton by 4.5% in the 1st quarter. DMC Group LLC now owns 3,061 shares of the construction company's stock valued at $504,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction on 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 owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock valued at $4,225,745 in the last 90 days. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. D.R. Horton's payout ratio is 8.63%.

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.