FY2027 EPS Estimates for D.R. Horton Increased by Analyst

D.R. Horton, Inc. (NYSE:DHI) – Research analysts at Zacks Research upped their FY2027 earnings estimates for D.R. Horton in a note issued to investors on Monday, November 11th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $18.32 per share for the year, up from their prior estimate of $16.83. The consensus estimate for D.R. Horton’s current full-year earnings is $14.92 per share.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the business posted $4.45 earnings per share. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada dropped their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Performance

NYSE:DHI opened at $161.13 on Wednesday. The firm has a market capitalization of $52.50 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.57 and a beta of 1.74. The company has a fifty day moving average of $183.75 and a 200-day moving average of $166.72. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton has a twelve month low of $125.28 and a twelve month high of $199.85.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is 11.14%.

D.R. Horton announced that its Board of Directors has initiated a share repurchase program on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of D.R. Horton

A number of hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC increased its holdings in D.R. Horton by 10.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 3,896 shares of the construction company’s stock valued at $743,000 after purchasing an additional 371 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in D.R. Horton during the third quarter worth about $4,617,000. Glenmede Trust Co. NA raised its stake in shares of D.R. Horton by 2.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock valued at $1,947,000 after purchasing an additional 262 shares during the period. Soros Capital Management LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $9,901,000. Finally, Townsquare Capital LLC increased its position in shares of D.R. Horton by 36.5% in the third quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock valued at $1,469,000 after acquiring an additional 2,057 shares during the last quarter. Institutional investors 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.