D.R. Horton, Inc. (NYSE:DHI - Free Report) - Analysts at Zacks Research upped their FY2027 earnings estimates for shares of D.R. Horton in a report issued on Monday, November 11th. Zacks Research analyst S. Mukherjee now expects that the construction company will post earnings per share of $18.32 for the year, up from their previous forecast of $16.83. The consensus estimate for D.R. Horton's current full-year earnings is $15.01 per share.
Several other analysts have also weighed in on DHI. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. UBS Group decreased their target price on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Finally, Bank of America lifted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $185.87.
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Shares of D.R. Horton stock opened at $161.86 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm's 50-day simple moving average is $184.20 and its 200-day simple moving average is $166.61. D.R. Horton has a twelve month low of $121.16 and a twelve month high of $199.85. The firm has a market cap of $52.74 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.58 and a beta of 1.74.
D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm posted $4.45 earnings per share. D.R. Horton's revenue was down 4.7% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. boosted its holdings in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after purchasing an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock worth $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. raised its position in D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock worth $739,000 after acquiring an additional 60 shares in the last quarter. Whittier Trust Co. raised its position in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock worth $520,000 after acquiring an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. raised its position in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock worth $1,251,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.
D.R. Horton announced that its board has initiated a stock buyback program on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is 8.36%.
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.
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