Q3 2024 EPS Estimates for D.R. Horton, Inc. Decreased by Wedbush (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Wedbush reduced their Q3 2024 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 of $3.62 per share for the quarter, down from their previous estimate of $3.74. Wedbush currently has a “Underperform” rating and a $130.00 target price on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.24 per share. Wedbush also issued estimates for D.R. Horton’s Q4 2024 earnings at $3.93 EPS, Q1 2025 earnings at $2.63 EPS, Q2 2025 earnings at $3.23 EPS and FY2025 earnings at $14.68 EPS.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.73 earnings per share.

A number of other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research report on Friday. Bank of America reduced their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays reduced their target price on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

NYSE:DHI opened at $142.19 on Friday. The firm has a market cap of $47.18 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $151.91 and its two-hundred day moving average price is $138.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the 1st quarter valued at $27,000. Clear Street Markets LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $28,000. Fairfield Bush & CO. acquired a new position in shares of D.R. Horton during the 1st quarter valued at $28,000. Riverview Trust Co acquired a new position in shares of D.R. Horton during the 1st quarter valued at $30,000. Finally, Mascoma Wealth Management LLC lifted its position in shares of D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock worth $4,225,745 in the last ninety days. Company insiders own 1.74% of the company’s stock.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.84%. D.R. Horton’s dividend payout ratio is presently 8.63%.

D.R. Horton Company Profile

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.