D.R. Horton (DHI) Stock Price, News & Analysis

Company Overview

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. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as townhomes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; and owns non-residential real estate, including ranch land and improvements. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.

Key Stats

• Today's Range: $191.04 to $194.36
• 50-Day Range: $152.16 to $197.06
• 52-Week Range: $100.08 to $199.85
• Volume: 5.34 million shs
• Average Volume: 2.50 million shs
• Market Capitalization: $63.19 billion
• P/E Ratio: 13.06
• Dividend Yield: 0.63%
• Price Target: $183.33
• Consensus Rating: Moderate Buy

D.R. Horton Stock Analysis - MarketRank™

D.R. Horton scored higher than 96% of companies evaluated by MarketBeat, and ranked 3rd out of 99 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

D.R. Horton has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 4 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

D.R. Horton has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 9.69%

Earnings Growth

Earnings for D.R. Horton are expected to grow by 9.69% in the coming year, from $14.03 to $15.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of D.R. Horton is 13.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.30.

Price to Earnings Ratio vs. Sector

The P/E ratio of D.R. Horton is 13.06, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 25.28.

Price to Earnings Growth Ratio

D.R. Horton has a PEG Ratio of 0.86. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

D.R. Horton has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.70% of the float of D.R. Horton has been sold short.

Short Interest Ratio / Days to Cover

D.R. Horton has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in D.R. Horton has recently decreased by 7.37%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

D.R. Horton has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

D.R. Horton does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of D.R. Horton is 8.17%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, D.R. Horton will have a dividend payout ratio of 7.80% next year. This indicates that D.R. Horton will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -3.56

Percentage of Shares Shorted

1.70% of the float of D.R. Horton has been sold short.

Short Interest Ratio / Days to Cover

D.R. Horton has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in D.R. Horton has recently decreased by 7.37%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.85

News Sentiment

D.R. Horton has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for D.R. Horton this week, compared to 13 articles on an average week.

Search Interest

Only 38 people have searched for DHI on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added D.R. Horton to their MarketBeat watchlist in the last 30 days. This is a decrease of -37% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, D.R. Horton insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.74% of the stock of D.R. Horton is held by insiders.

Percentage Held by Institutions

90.63% of the stock of D.R. Horton is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DHI Stock Analysis - Frequently Asked Questions

How have DHI shares performed this year?

D.R. Horton's stock was trading at $151.98 on January 1st, 2024. Since then, DHI shares have increased by 26.3% and is now trading at $191.89.
View the best growth stocks for 2024 here.

How were D.R. Horton's earnings last quarter?

D.R. Horton, Inc. (NYSE:DHI) released its earnings results on Thursday, July, 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm's revenue was up 2.5% compared to the same quarter last year.
Read the conference call transcript.

Is D.R. Horton buying back stock?

D.R. Horton's Board of Directors authorized a share repurchase plan on Thursday, July 18th 2024, which allows the company to buy back $4,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 6.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Does D.R. Horton have any subsidiaries?

D.R. Horton subsidiaries include these companies: Forestar Group, Wilson Parker Homes, 10700 Pecan Park Austin Inc., 11241 Slater Avenue NE LLC, 2 C Development Company LLC, 8800 Roswell Road Bldg. B LLC, 91st Avenue & Happy Valley L.L.C., and more.

Who are D.R. Horton's major shareholders?

Top institutional investors of D.R. Horton include Dimensional Fund Advisors LP (1.27%), Greenhaven Associates Inc. (1.11%), Legal & General Group Plc (0.80%) and Marshall Wace LLP (0.71%). Insiders that own company stock include David V Auld, Michael J Murray, Bill W Wheat, Paul J Romanowski, Bradley S Anderson, Barbara K Allen, Aron M Odom, Michael R Buchanan and Michael W Hewatt.
View institutional ownership trends.

How do I buy shares of D.R. Horton?

Shares of DHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of D.R. Horton own?

Based on aggregate information from My MarketBeat watchlists, some other companies that D.R. Horton investors own include NVIDIA (NVDA), Home Depot (HD), Intel (INTC), AT&T (T), Walt Disney (DIS), Johnson & Johnson (JNJ) and Alibaba Group (BABA).

Company Calendar

• Last Earnings: 7/18/2024
• Ex-Dividend for 8/8 Dividend: 8/01/2024
• Dividend Payable: 8/08/2024
• Today: 9/21/2024
• Fiscal Year End: 9/30/2024
• Next Earnings (Confirmed): 10/29/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Operative builders
• Sub-Industry: Homebuilding
• Current Symbol: NYSE:DHI
• CUSIP: 23331A10
• CIK: 882184
• Web: www.drhorton.com
• Phone: (817) 390-8200
• Fax: 817-856-8249
• Employees: 13,450
• Year Founded: 1978

Price Target and Rating

• Average Stock Price Target: $183.33
• High Stock Price Target: $220.00
• Low Stock Price Target: $130.00
• Potential Upside/Downside: -4.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $14.69
• Trailing P/E Ratio: 13.06
• Forward P/E Ratio: 13.68
• P/E Growth: 0.86
• Net Income: $4.75 billion
• Net Margins: 13.36%
• Pretax Margin: 17.67%
• Return on Equity: 20.72%
• Return on Assets: 14.71%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 7.22
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: $37.30 billion
• Price / Sales: 1.69
• Cash Flow: $14.82 per share
• Price / Cash Flow: 12.95
• Book Value: $68.39 per share
• Price / Book: 2.81

Miscellaneous

• Outstanding Shares: 329,312,000
• Free Float: 323,582,000
• Market Cap: $63.19 billion
• Optionable: Optionable
• Beta: 1.73