Q3 2024 Earnings Estimate for D.R. Horton, Inc. (NYSE:DHI) Issued By Wedbush

D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Wedbush decreased their Q3 2024 earnings estimates for D.R. Horton in a research report issued on Thursday, April 18th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $3.62 per share for the quarter, down from their prior forecast of $3.74. Wedbush currently has a “Underperform” rating and a $130.00 target price on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.23 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.

Other equities research analysts have also issued research reports about the stock. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Citigroup boosted their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JMP Securities boosted 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. Bank of America lowered their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Raymond James boosted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.06.

D.R. Horton Stock Down 2.5 %

DHI stock opened at $142.19 on Friday. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The company’s 50 day simple moving average is $151.91 and its 200-day simple moving average 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 firm has a market capitalization of $47.18 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the previous year, the business earned $2.73 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year.

Hedge Funds Weigh In On D.R. Horton

Large investors have recently bought and sold shares of the stock. Legal Advantage Investments Inc. grew 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 acquiring an additional 75 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of D.R. Horton by 0.5% in the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock valued at $2,639,000 after purchasing an additional 75 shares during the last quarter. Wealthsource Partners LLC boosted its stake in shares of D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after purchasing an additional 78 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of D.R. Horton by 2.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after purchasing an additional 79 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of D.R. Horton by 2.0% in the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after purchasing an additional 80 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Barbara K. Allen sold 449 shares of the company’s 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 of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last three months, insiders sold 27,197 shares of company stock valued at $4,225,745. Company insiders own 1.74% of the company’s stock.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

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.