FY2027 EPS Forecast for D.R. Horton Increased by Analyst

D.R. Horton, Inc. (NYSE:DHI - Free Report) - Research analysts at Zacks Research raised their FY2027 earnings per share (EPS) estimates for shares of D.R. Horton in a research report issued on Monday, November 11th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $18.32 per share for the year, up from their previous forecast of $16.83. The consensus estimate for D.R. Horton's current full-year earnings is $14.92 per share.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business posted $4.45 EPS. The firm's quarterly revenue was down 4.7% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Barclays decreased their target price on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. BTIG Research decreased their target price on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Bank of America boosted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Stock Down 0.2 %

Shares of NYSE:DHI traded down $0.35 during trading on Wednesday, hitting $161.48. 834,946 shares of the company were exchanged, compared to its average volume of 2,508,875. The stock has a market cap of $52.62 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.57 and a beta of 1.74. D.R. Horton has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The firm has a fifty day moving average price of $183.75 and a two-hundred day moving average price of $166.72. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Legacy CG LLC purchased a new stake in D.R. Horton during the 3rd quarter valued at about $4,220,000. Bessemer Group Inc. boosted its stake in shares of D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company's stock valued at $2,444,000 after purchasing an additional 7,699 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company's stock valued at $68,448,000 after acquiring an additional 199,668 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company's stock valued at $7,132,000 after acquiring an additional 4,723 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in D.R. Horton by 36.1% in the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company's stock worth $10,157,000 after purchasing an additional 16,386 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.99%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

D.R. Horton declared that its Board of Directors has approved a share buyback program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.