Zacks Research Predicts Weaker Earnings for D.R. Horton

Key Points

• Zacks Research has reduced its Q4 2025 earnings per share estimate for D.R. Horton to $3.24, down from the previous estimate of $3.25.
• Several analysts have adjusted their price targets for D.R. Horton, with BTIG lowering its target from $171.00 to $150.00 and Bank of America from $150.00 to $125.00.
• D.R. Horton announced a quarterly dividend of $0.40 per share, payable on August 14th, with a current dividend yield of 1.0%.

D.R. Horton, Inc. (NYSE:DHI - Free Report) - Analysts at Zacks Research decreased their Q4 2025 EPS estimates for shares of D.R. Horton in a research note issued to investors on Tuesday, August 5th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $3.24 for the quarter, down from their prior forecast of $3.25. The consensus estimate for D.R. Horton's current full-year earnings is $13.04 per share. Zacks Research also issued estimates for D.R. Horton's Q4 2026 earnings at $3.44 EPS, Q1 2027 earnings at $2.63 EPS, Q2 2027 earnings at $3.12 EPS and FY2027 earnings at $12.95 EPS.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the company posted $4.10 EPS. D.R. Horton's revenue was down 7.4% on a year-over-year basis.

Several other brokerages have also recently issued reports on DHI. UBS Group lifted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. decreased their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Wedbush lifted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Stock Up 1.6%

D.R. Horton stock traded up $2.46 during trading hours on Thursday, hitting $156.35. The stock had a trading volume of 3,547,007 shares, compared to its average volume of 4,761,154. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $46.61 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 3.26 and a beta of 1.34. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $199.85. The stock's 50-day moving average price is $134.10 and its 200-day moving average price is $129.61.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton's payout ratio is currently 12.83%.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on 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 sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of D.R. Horton

Several large investors have recently added to or reduced their stakes in DHI. Bank Pictet & Cie Europe AG grew its position in D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after buying an additional 5,052 shares during the period. Bank of Nova Scotia grew its position in D.R. Horton by 292.3% during the fourth quarter. Bank of Nova Scotia now owns 147,882 shares of the construction company's stock valued at $20,677,000 after buying an additional 110,189 shares during the period. Renaissance Technologies LLC grew its position in D.R. Horton by 676.4% during the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock valued at $105,779,000 after buying an additional 659,100 shares during the period. Advisory Services Network LLC lifted its holdings in D.R. Horton by 1.9% during the fourth quarter. Advisory Services Network LLC now owns 26,025 shares of the construction company's stock valued at $3,639,000 after purchasing an additional 480 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in D.R. Horton by 782.1% during the fourth quarter. APG Asset Management N.V. now owns 189,643 shares of the construction company's stock valued at $25,607,000 after purchasing an additional 168,143 shares in the last quarter. 90.63% of the stock is currently owned by 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.