D.R. Horton (NYSE:DHI) Announces Quarterly Earnings Results

D.R. Horton (NYSE:DHI) released its quarterly earnings results on Thursday. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.43, RTT News reports. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. D.R. Horton’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.73 earnings per share. D.R. Horton updated its FY 2024 guidance to EPS.

D.R. Horton Stock Up 0.1 %

Shares of D.R. Horton stock opened at $145.91 on Friday. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The firm has a market cap of $48.42 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The business has a 50-day moving average price of $151.97 and a 200 day moving average price of $138.42.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DHI. Raymond James lifted their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. UBS Group lifted their target price on D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Citigroup lifted their target price on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wedbush reiterated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a report on Thursday. Finally, Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and an average price target of $154.00.

Insider Activity at D.R. Horton

In related 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were 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. Insiders sold a total of 27,197 shares of company stock valued at $4,225,745 over the last three months. 1.74% of the stock is owned by insiders.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC grew its holdings in D.R. Horton by 1.0% in the 4th quarter. Vident Advisory LLC now owns 12,243 shares of the construction company’s stock worth $1,861,000 after buying an additional 124 shares in the last quarter. Savant Capital LLC lifted its position in shares of D.R. Horton by 3.8% during the 4th quarter. Savant Capital LLC now owns 3,480 shares of the construction company’s stock valued at $310,000 after acquiring an additional 126 shares during the last quarter. Ossiam lifted its position in shares of D.R. Horton by 3.4% during the 1st quarter. Ossiam now owns 5,286 shares of the construction company’s stock valued at $516,000 after acquiring an additional 172 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of D.R. Horton by 2.3% during the 1st quarter. Bleakley Financial Group LLC now owns 7,667 shares of the construction company’s stock valued at $749,000 after acquiring an additional 173 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of D.R. Horton by 28.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 805 shares of the construction company’s stock valued at $122,000 after acquiring an additional 179 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Company Profile

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.