D.R. Horton, IncNYSE: DHI
Consumer Discretionary · Homebuilding
$150.23
-2.36%
Vol: 1.5M
Research Digest
Friday, May 1, 2026
D.R. Horton reports Q2 EPS of $2.24 beating estimates, raises price targets after Q2 beat; announces $0.45 dividend with May 7 ex-date.
D.R. Horton reported Q2 2026 earnings per share of $2.24, beating consensus of $2.12. The company increased new orders by 11%, signaling resilience in demand. Unsold completed inventory shrunk to 5,500 units, down 25% from December and 35% from a year ago. Multiple analysts raised price targets after earnings: Citi raised to $173 from $162, and UBS raised to $206 from $193. The company narrowed full-year 2026 revenue guidance to $33.5B-$34.5B. D.R. Horton announced a cash dividend of $0.45 with an ex-date of May 7, 2026.
Previous Market Intelligence
13 daysApr 30UBS raises DR Horton price target to $206 as homebuilder navigates revenue decline and analyst optimismMixed▶
DR Horton reported Q2 earnings that beat EPS expectations with $2.24 versus consensus of $2.12, though revenues slightly missed estimates. The company narrowed its FY26 revenue view to $33.5B-$34.5B range. UBS raised its price target to $206 from $193 on April 22, 2026, while Citi, Truist, and RBC Capital also raised their targets. Despite recent 14.47% monthly decline amid backlog concerns, DHI declared a $0.45 cash dividend with ex-date May 7, 2026.
Apr 29D.R. Horton beats Q2 EPS estimate, UBS raises price target to $206Positive▶
D.R. Horton reported Q2 earnings exceeding EPS expectations with slight revenue miss on April 21. Despite affordability pressures, the company guides consolidated revenue to $33.5B-$34.5B for 2026. Multiple analysts raised price targets in late April, with UBS raising to $206, Citi to $173, Truist to $150, and RBC to $123. A $0.45 dividend was announced with ex-date of May 7, 2026. The stock remains volatile amid concerns about backlog and profitability.
Apr 16D.R. Horton Q1 2026 earnings April 21; analysts forecast 15.5% EPS decline; stock down 14.47% in past month on backlog concerns.Negative▶
D.R. Horton reports Q1 2026 earnings April 21, 2026, amid analyst expectations for 15.5% EPS decline to $2.15 and 0.63% revenue decline to $7.68B. Stock declined 14.47% over past month amid concerns about backlog and profitability. Evercore ISI cut PT to $153 from $169. Consensus rating: Hold with 12-month PT of $157.92 (15.1% upside). Company faces competitive housing market pressures and recent plumbing-related challenges.
Apr 15D.R. Horton expands $4 billion credit facility but faces analyst downgrades citing 15.5% expected EPS decline.Negative▶
D.R. Horton increased revolving credit to $3.3 billion and facility limit to $4.0 billion, extending maturities to 2031. Multiple analysts cut price targets: Evercore ISI to $153, Wells Fargo to $147, and Barclays to $128. Q2 earnings due April 21 amid 14.47% one-month stock decline.
Apr 14D.R. Horton Q2 earnings on April 21 amid housing sector caution; analyst price targets lowered as mortgage rate concerns weigh.Negative▶
D.R. Horton faces analyst headwinds as multiple firms lowered price targets. Evercore ISI cut target to $153 from $169, Wells Fargo to $147 from $155, and Barclays to $128 from $129. The company will release Q2 results on April 21. Homebuilders face headwinds from elevated mortgage rates.
Apr 13D.R. Horton expanding $4B credit facility amid analyst downgrades; Q2 earnings scheduled for April 21.Negative▶
D.R. Horton expanded its credit facility to $4 billion. Wells Fargo lowered price target from $155 to $147, while Barclays cut target from $129 to $128. FY2025 net income of $3.6 billion ($11.57 EPS) on revenues of $34.3 billion. Raised quarterly dividend to $0.45. Q2 2026 earnings due April 21. Consensus rating is Hold with price target of $157.92.
Apr 10D.R. Horton faces plumbing defect lawsuits; Seaport Global downgrades to Neutral; Q2 earnings due April 21.Negative▶
D.R. Horton faces arbitration complaints from Georgia homeowners alleging defective PEX plumbing causing leaks. Seaport Global downgraded the stock from Buy to Neutral on April 7. The company refreshed a $4B revolving credit facility through 2031. Q2 earnings scheduled April 21 at 8:30 a.m. ET.
Apr 9D.R. Horton rallies 5.9% on lumber cost relief and loan approvals; Seaport downgradesMixed▶
D.R. Horton surged 5.9% intraday on April 8 as easing lumber prices improved margins and pricing flexibility. Company secured $368M Coral Gables real estate transaction and $60M construction loan approval. However, Seaport Global downgraded DHI from Buy to Neutral on April 7. Barclays cut price target to $128 from $129; Wells Fargo lowered to $147 from $155. Q2 earnings scheduled April 21.
Apr 8Seaport downgrades D.R. Horton on housing slowdown; Q1 earnings show lower profit amid affordability concernsNegative▶
Seaport Global Securities downgraded D.R. Horton to Neutral from Buy citing slowing housing activity and weakening job growth. Company reported lower Q1 2026 profit as affordability concerns hurt buyer demand, forcing larger incentives. Expanded credit facility to $4B through 2031 provides liquidity. Plumbing defect litigation and RICO mortgage lawsuit add risk. Analysts forecast 15.5% EPS decline; consensus Hold with $157.92 target (15% upside) reflects conflicting signals between valuation and operational headwinds.
Apr 7D.R. Horton expands credit facility to $4B; Seaport downgrades to Neutral on housing slowdown.Negative▶
DHI expanded credit facility to $4B (maturity 2031). Q2 earnings April 21. Seaport downgraded to Neutral April 6 on slowing housing and weak job growth. Stock -17.4% past month. 15 analysts revised earnings down.
Apr 6D.R. Horton Expands Credit Facility; Q1 2026 Earnings DeclineNeutral▶
D.R. Horton announced on March 27, 2026, an amendment to increase aggregate revolving credit commitment to $3.295 billion across maturities through 2031, lifting overall credit facility limit to $4.0 billion. The company reaffirmed fiscal 2026 revenue guidance of $33.5-$35.0 billion. Q1 2026 net income decreased 30% to $594.8 million with diluted EPS down 22% to $2.03. However, net sales orders increased 3% during the quarter. The company announced $2.50 billion in share repurchases and $500 million in dividends for fiscal 2026. Affordability constraints and cautious consumer sentiment continue to pressure new home demand with elevated sales incentives expected throughout 2026.
Apr 3D.R. Horton reports April 21 Q2 2026 earnings; expands credit capacity to $4 billion as housing affordability pressures persist.Negative▶
D.R. Horton will release Q2 2026 results on April 21 before market open. Consensus shows 16.28% EPS decline YoY and 0.47% revenue decline to $7.7 billion. Stock down 14.47% over past month amid affordability challenges. Company expanded credit facilities to $4 billion total capacity. Stock holds Zacks Rank #5 (Strong Sell).
Apr 2D.R. Horton schedules Q2 2026 earnings for April 21; analysts expect 15.5% EPS decline amid housing affordability challenges.Negative▶
D.R. Horton will release Q2 2026 fiscal results on April 21, 2026 before market open with 8:30 a.m. ET conference call. Analysts forecast EPS of $2.18, down 15.5% from prior year, and revenue of $7.7 billion, down 0.47%. Stock faces headwinds from volatile housing market with 14.45% monthly decline. Analyst consensus is Hold with $158.38 price target representing 11% upside. Stock recently at $146.74 (down 0.36% after hours). Zacks Rank of #5 (Strong Sell) reflects near-term weakness.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| DHIDR | $150.23 | -2.36% | +8.6% | 12.8x | 1.45 | $43.6B |
| PHMPULTEGROUP | $119.53 | -2.32% | +2.1% | 10.9x | 1.34 | $23.3B |
| LENLENNAR | $88.68 | -1.79% | +1.9% | 11.9x | 1.49 | $22.2B |
| NVRNVR | $6,172.15 | -2.28% | -6.0% | 15.0x | 1.07 | $17.3B |
| AMZNAMAZON.COM | $268.12 | +1.15% | +24.6% | 27.1x | 1.38 | $2.85T |
| TSLATESLA | $390.70 | +2.38% | +8.2% | 150.5x | 1.92 | $1.43T |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.