D.R. Horton (DHI) to Release Earnings on Thursday

D.R. Horton (NYSE:DHI) is set to post its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect D.R. Horton to post earnings of $3.09 per share for the quarter. D.R. Horton has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 EPS. On average, analysts expect D.R. Horton to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

D.R. Horton Stock Down 6.4 %

Shares of DHI opened at $148.17 on Thursday. The company has a 50-day simple moving average of $151.62 and a 200-day simple moving average of $136.94. The firm has a market capitalization of $49.17 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton has a 52 week low of $97.14 and a 52 week high of $165.75.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is currently owned by insiders.

Institutional Trading of D.R. Horton

Several hedge funds have recently modified their holdings of the stock. FIL Ltd lifted its holdings in D.R. Horton by 4,131.7% in the fourth quarter. FIL Ltd now owns 91,659 shares of the construction company’s stock valued at $13,930,000 after buying an additional 89,493 shares during the period. SageView Advisory Group LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $253,000. Childress Capital Advisors LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $250,000. Mercer Global Advisors Inc. ADV lifted its holdings in D.R. Horton by 3.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 276,655 shares of the construction company’s stock valued at $42,046,000 after buying an additional 9,891 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in D.R. Horton by 12.3% in the fourth quarter. Morse Asset Management Inc now owns 14,610 shares of the construction company’s stock valued at $2,220,000 after buying an additional 1,600 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Citigroup upped 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. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. The Goldman Sachs Group upped their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada upped their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.71.

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.