FY2024 Earnings Estimate for D.R. Horton, Inc. Issued By Wedbush (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Analysts at Wedbush raised their FY2024 earnings estimates for D.R. Horton in a research report issued to clients and investors on Thursday, July 18th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $14.38 for the year, up from their prior forecast of $13.87. Wedbush has a “Underperform” rating and a $130.00 price target on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.39 per share. Wedbush also issued estimates for D.R. Horton’s Q4 2025 earnings at $4.46 EPS and FY2026 earnings at $16.69 EPS.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same period last year, the firm posted $3.90 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI lifted their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Jefferies Financial Group lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.69.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $176.56 on Monday. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $178.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The firm has a market capitalization of $58.14 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.86 and a beta of 1.71. The company’s 50 day moving average price is $146.53 and its two-hundred day moving average price is $148.72.

D.R. Horton announced that its board has authorized a share buyback program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at about $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at about $29,000. Riverview Trust Co acquired a new position in shares of D.R. Horton during the first quarter valued at about $30,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the second quarter valued at about $31,000. Finally, Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.