Wedbush Issues Pessimistic Forecast for D.R. Horton Earnings

D.R. Horton, Inc. (NYSE:DHI) – Equities researchers at Wedbush reduced their FY2026 earnings per share estimates for D.R. Horton in a note issued to investors on Tuesday, October 28th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $11.20 per share for the year, down from their previous forecast of $11.80. Wedbush currently has a “Neutral” rating and a $170.00 target price on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $13.04 per share. Wedbush also issued estimates for D.R. Horton’s Q4 2026 earnings at $3.74 EPS, Q2 2027 earnings at $2.65 EPS, Q3 2027 earnings at $3.50 EPS, Q4 2027 earnings at $4.11 EPS and FY2027 earnings at $12.23 EPS.

A number of other equities analysts also recently commented on DHI. UBS Group raised their price objective on D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Wednesday, October 8th. Citigroup cut their price objective on D.R. Horton from $175.00 to $163.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank Of Canada raised their price objective on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $157.38.

D.R. Horton Stock Performance

NYSE DHI opened at $148.11 on Wednesday. The business’s 50-day moving average price is $165.93 and its 200 day moving average price is $144.03. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a market capitalization of $44.15 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 3.20 and a beta of 1.40. The company has a current ratio of 6.48, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.44 billion. During the same quarter in the prior year, the company earned $3.92 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. D.R. Horton has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.45 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is 12.83%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares of the company’s stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DHI. Robeco Institutional Asset Management B.V. grew its position in shares of D.R. Horton by 34.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company’s stock worth $5,875,000 after acquiring an additional 11,905 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of D.R. Horton by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,251 shares of the construction company’s stock worth $4,315,000 after acquiring an additional 3,975 shares in the last quarter. KBC Group NV grew its position in shares of D.R. Horton by 22.3% in the 1st quarter. KBC Group NV now owns 83,104 shares of the construction company’s stock worth $10,565,000 after acquiring an additional 15,162 shares in the last quarter. Vontobel Holding Ltd. boosted its position in D.R. Horton by 10.0% during the 1st quarter. Vontobel Holding Ltd. now owns 18,249 shares of the construction company’s stock valued at $2,320,000 after purchasing an additional 1,661 shares during the period. Finally, Cidel Asset Management Inc. boosted its position in D.R. Horton by 14.2% during the 1st quarter. Cidel Asset Management Inc. now owns 2,590 shares of the construction company’s stock valued at $329,000 after purchasing an additional 323 shares during the period. 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.