D.R. Horton (DHI) Scheduled to Post Quarterly Earnings on Thursday

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

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the business posted $2.76 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. 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 Performance

Shares of D.R. Horton stock opened at $149.07 on Tuesday. The company has a market cap of $49.46 billion, a P/E ratio of 10.72, a PEG ratio of 0.75 and a beta of 1.64. The business has a 50-day moving average price of $151.86 and a two-hundred day moving average price of $138.04. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton has a 1-year low of $97.92 and a 1-year high of $165.75.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, February 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. D.R. Horton’s payout ratio is currently 8.63%.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’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 of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’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 of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was 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 $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 over the last three months. Insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of D.R. Horton by 1.1% in the first quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after acquiring an additional 406,429 shares during the period. State Street Corp increased its position in shares of D.R. Horton by 3.6% during the first quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock valued at $1,339,558,000 after buying an additional 480,247 shares during the period. Geode Capital Management LLC increased its position in shares of D.R. Horton by 0.7% during the first quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock valued at $635,060,000 after buying an additional 45,030 shares during the period. Invesco Ltd. increased its position in shares of D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after buying an additional 694,155 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position 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 period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective 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. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Royal Bank of Canada lifted their price objective 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. Barclays lifted their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Keefe, Bruyette & Woods reduced 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 note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, D.R. Horton has an average rating of “Moderate Buy” and an average price target 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.