Seaport Res Ptn Equities Analysts Cut Earnings Estimates for D.R. Horton, Inc. (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHIFree Report) – Stock analysts at Seaport Res Ptn cut their Q2 2024 earnings per share estimates for D.R. Horton in a report released on Monday, January 29th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will post earnings of $3.08 per share for the quarter, down from their prior estimate of $3.20. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for D.R. Horton’s current full-year earnings is $14.15 per share. Seaport Res Ptn also issued estimates for D.R. Horton’s Q4 2024 earnings at $3.94 EPS.

Several other research firms have also recently commented on DHI. The Goldman Sachs Group boosted their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. UBS Group boosted their target price on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Jefferies Financial Group assumed coverage on D.R. Horton in a research note on Monday, November 27th. They set a “hold” rating and a $119.00 target price for the company. Raymond James lowered their price objective on D.R. Horton from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, JMP Securities upped their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.47.

Read Our Latest Report on DHI

D.R. Horton Trading Down 0.3 %

DHI opened at $142.90 on Thursday. D.R. Horton has a 12 month low of $89.05 and a 12 month high of $157.93. The stock has a market capitalization of $47.42 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.80 and a beta of 1.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The business has a fifty day moving average price of $144.43 and a 200 day moving average price of $126.13.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings data 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 net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, February 5th. D.R. Horton’s payout ratio is currently 8.63%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Barbara K. Allen sold 470 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $126.21, for a total transaction of $59,318.70. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $713,086.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The disclosure for this sale can be found here. In the last three months, insiders sold 13,431 shares of company stock valued at $2,015,326. Insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of large investors have recently modified their holdings of DHI. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton during the 1st quarter worth approximately $28,000. American Century Companies Inc. raised its stake in shares of D.R. Horton by 13.9% during the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after buying an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of D.R. Horton by 10.7% during the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock worth $751,000 after buying an additional 973 shares in the last quarter. Sei Investments Co. grew its holdings in shares of D.R. Horton by 21.1% in the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock worth $22,425,000 after acquiring an additional 52,320 shares during the period. Finally, Prudential PLC acquired a new stake in shares of D.R. Horton in the 1st quarter worth approximately $560,000. 82.12% of the stock is owned by hedge funds and other institutional investors.

About D.R. Horton

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for D.R. Horton (NYSE:DHI)

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.