Q3 2024 Earnings Forecast for D.R. Horton, Inc. Issued By Wedbush (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Analysts at Wedbush reduced their Q3 2024 EPS estimates for D.R. Horton in a research report issued to clients and investors on Thursday, April 18th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $3.62 for the quarter, down from their prior forecast of $3.74. Wedbush has a “Underperform” rating and a $130.00 price objective 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 issued its 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. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business earned $2.73 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis.

Several other research analysts have also recently issued reports on the stock. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Barclays cut 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 report on Friday. Raymond James lifted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Citigroup lifted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.88.

D.R. Horton Stock Up 0.1 %

Shares of D.R. Horton stock opened at $145.91 on Friday. 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 $100.08 and a 52-week high of $165.75. The stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. The company’s 50 day moving average price is $151.97 and its 200-day moving average price is $138.42.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.63%.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock valued at $4,225,745 in the last quarter. 1.74% of the stock is owned by insiders.

Institutional Investors Weigh In On D.R. Horton

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

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.