D.R. Horton, Inc. (NYSE:DHI) Forecasted to Post FY2024 Earnings of $13.87 Per Share

D.R. Horton, Inc. (NYSE:DHI) – Wedbush upped their FY2024 EPS estimates for shares of D.R. Horton in a research note issued to investors on Thursday, April 18th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $13.87 for the year, up from their previous estimate of $13.65. Wedbush currently has a “Underperform” rating and a $130.00 price target on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.25 per share. Wedbush also issued estimates for D.R. Horton’s Q3 2025 earnings at $4.11 EPS and Q4 2025 earnings at $4.74 EPS.

Several other analysts have also issued reports on DHI. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Jefferies Financial Group increased their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday. BTIG Research dropped their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada dropped their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday. Finally, Citigroup raised their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research note on Friday, April 5th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Stock Performance

NYSE DHI opened at $142.19 on Monday. The company has a current ratio of 7.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $47.18 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.71 and a beta of 1.64. The firm’s 50 day simple moving average is $151.91 and its 200 day simple moving average is $139.17. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DHI. Moneta Group Investment Advisors LLC grew its holdings in shares of D.R. Horton by 101,707.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after buying an additional 4,364,275 shares during the last quarter. Norges Bank acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $516,530,000. Goldman Sachs Group Inc. grew its holdings in shares of D.R. Horton by 41.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,909,230 shares of the construction company’s stock valued at $442,145,000 after buying an additional 845,745 shares during the last quarter. Barclays PLC grew its holdings in shares of D.R. Horton by 72.0% during the fourth quarter. Barclays PLC now owns 1,723,287 shares of the construction company’s stock valued at $261,902,000 after buying an additional 721,292 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after purchasing an additional 694,155 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton 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 completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated 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. Over the last ninety days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

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.