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

D.R. Horton (NYSE:DHIGet Free Report) posted its quarterly earnings results on Tuesday. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 earnings per share.

D.R. Horton Trading Down 3.0%

Shares of D.R. Horton stock opened at $144.90 on Tuesday. The firm has a 50-day simple moving average of $150.54 and a two-hundred day simple moving average of $150.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton has a fifty-two week low of $129.22 and a fifty-two week high of $184.54. The company has a market cap of $41.09 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36.

Hedge Funds Weigh In On D.R. Horton

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Truist Financial raised their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Citigroup boosted their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Barclays upped their price objective on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $168.62.

Get Our Latest Report on D.R. Horton

D.R. Horton News Roundup

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

D.R. Horton Company Profile

(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.

Featured Articles

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

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.