D.R. Horton (NYSE:DHI) Announces Quarterly Earnings Results, Beats Estimates By $0.21 EPS

D.R. Horton (NYSE:DHIGet Free Report) posted its quarterly earnings results on Tuesday. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $2.99 by $0.21, Briefing.com reports. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. During the same quarter in the previous year, the company earned $3.36 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis.

D.R. Horton Stock Down 3.0%

DHI opened at $144.90 on Tuesday. The stock’s fifty day simple moving average is $150.54 and its 200 day simple moving average is $150.44. D.R. Horton has a 1-year low of $129.22 and a 1-year high of $184.54. The stock has a market cap of $41.09 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DHI shares. Barclays raised their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Truist Financial lifted their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $168.62.

View Our Latest Analysis on D.R. Horton

D.R. Horton News Summary

Here are the key news stories impacting D.R. Horton this week:

Institutional Trading of D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of DHI. Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd increased its stake in shares of D.R. Horton by 24,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 241 shares of the construction company’s stock worth $35,000 after purchasing an additional 240 shares during the period. DV Equities LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $55,000. McMillan Office Inc. bought a new stake in D.R. Horton in the 4th quarter valued at $58,000. Finally, Geneos Wealth Management Inc. grew its holdings in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

About D.R. Horton

(Get Free Report)

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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Earnings History for D.R. Horton (NYSE:DHI)

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