D.R. Horton (DHI) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of D.R. Horton (NYSE: DHI) recently:

• 11/7/2024 – D.R. Horton was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 11/4/2024 – D.R. Horton had its price target raised by analysts at JPMorgan Chase & Co. from $180.00 to $188.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – D.R. Horton had its price target lowered by analysts at Barclays PLC from $200.00 to $192.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – D.R. Horton had its price target lowered by analysts at Royal Bank of Canada from $154.00 to $145.00. They now have an “underperform” rating on the stock.
• 10/30/2024 – D.R. Horton had its price target lowered by analysts at Wells Fargo & Company from $220.00 to $190.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – D.R. Horton had its price target lowered by analysts at Evercore ISI from $218.00 to $204.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – D.R. Horton had its price target lowered by analysts at Citigroup Inc. from $186.00 to $185.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – D.R. Horton had its price target lowered by analysts at BTIG Research from $190.00 to $186.00. They now have a “buy” rating on the stock.
• 10/30/2024 – D.R. Horton had its price target lowered by analysts at UBS Group AG from $217.00 to $214.00. They now have a “buy” rating on the stock.
• 10/15/2024 – D.R. Horton was upgraded by analysts at Wedbush from an “underperform” rating to a “neutral” rating. They now have a $165.00 price target on the stock.
• 9/19/2024 – D.R. Horton had its price target raised by analysts at Bank of America Co. from $196.00 to $215.00. They now have a “buy” rating on the stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $161.61 on Monday. The stock’s 50-day moving average is $182.40 and its two-hundred day moving average is $167.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 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 business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Analysts forecast that D.R. Horton, Inc. will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. D.R. Horton’s dividend payout ratio is 11.14%.

Institutional Trading of D.R. Horton

Large investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC lifted its holdings in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the period. Geode Capital Management LLC lifted its holdings in shares of D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after buying an additional 21,073 shares during the period. Greenhaven Associates Inc. lifted its holdings in shares of D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after buying an additional 81,900 shares during the period. Finally, Smead Capital Management Inc. lifted its holdings in shares of D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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.