D.R. Horton (NYSE:DHI) Earns Underperform Rating from Wedbush

Wedbush reaffirmed their underperform rating on shares of D.R. Horton (NYSE:DHI) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $130.00 target price on the construction company’s stock. Wedbush also issued estimates for D.R. Horton’s Q3 2024 earnings at $3.62 EPS, 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.

DHI has been the topic of several other reports. Citigroup boosted their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods dropped their price target on D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a research note on Wednesday, January 24th. JMP Securities boosted their price target on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a research note on Wednesday, January 24th. UBS Group boosted their price target on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Finally, Barclays boosted their price target on D.R. Horton from $166.00 to $186.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $158.06.

D.R. Horton Stock Down 2.5 %

Shares of DHI stock opened at $142.19 on Thursday. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75. The stock’s fifty day moving average price is $151.91 and its 200 day moving average price is $138.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.20. The company has a market cap of $47.18 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the business earned $2.73 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts expect that D.R. Horton will post 14.23 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend 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 currently 8.17%.

Insider Activity

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock worth $4,225,745 over the last quarter. 1.74% of the stock is currently owned by corporate insiders.

Institutional Trading of D.R. Horton

Institutional investors have recently made changes to their positions in the company. Legal Advantage Investments Inc. increased its holdings in D.R. Horton by 2.5% during the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after purchasing an additional 75 shares during the period. First Hawaiian Bank increased its holdings in D.R. Horton by 0.5% during the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after purchasing an additional 75 shares during the period. Wealthsource Partners LLC increased its holdings in D.R. Horton by 2.7% during the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after purchasing an additional 78 shares during the period. SRS Capital Advisors Inc. increased its holdings in D.R. Horton by 2.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after purchasing an additional 79 shares during the period. Finally, FineMark National Bank & Trust increased its holdings in D.R. Horton by 2.0% during the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after purchasing an additional 80 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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.