D. R. Horton
DHI
$146.01
-3.59%
D.R. Horton Inc. is the largest homebuilder in the United States, operating in 126 markets across 36 states, primarily constructing single-family homes (over 90% of home sales revenue) for entry-level, move-up, luxury, and active adult buyers, with ancillary mortgage financing and title services. As the industry leader, it leverages scale and a diversified geographic footprint to maintain a competitive edge, also holding majority ownership of Forestar Group for residential lot development. The current investor narrative centers on the housing market's sensitivity to mortgage rates, which have been pressured by geopolitical tensions and inflation, creating cyclical headwinds despite potential tailwinds from regulatory changes and Fed rate cut expectations. Recent news highlights concerns about rising mortgage rates and their impact on homebuilder stocks, while analysts remain divided on the stock's near-term prospects.…
DHI
D. R. Horton
$146.01
Related headlines
DHI 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on D. R. Horton's 12-month outlook, with a consensus price target around $164.17 and implied upside of +12.4% versus the current price.
Average Target
$164.17
0 analysts
Implied Upside
+12.4%
vs. current price
Analyst Count
—
covering this stock
Price Range
$125 - $206
Analyst target range
Analyst coverage includes 12 analysts with a consensus recommendation of 'hold' (mean rating 2.61 on a scale where 1 is strong buy and 5 is sell). The average target price is $164.17, implying an upside of 14.75% from the current price of $143.06. The distribution includes 2 buys, 7 holds, and 3 sells (based on recommendation mean and actions), reflecting a cautious sentiment. The target price range spans from a low of $125.00 to a high of $206.00, indicating a wide dispersion of views. The high target of $206 suggests expectations of a strong housing recovery and multiple expansion, while the low target of $125 implies continued margin compression and cyclical downturn. Recent ratings actions show mixed signals: Barclays maintained Equal Weight, Zelman upgraded to Outperform, and RBC Capital has an Underperform, highlighting uncertainty. The wide spread between low and high targets underscores the high uncertainty in the housing market outlook, driven by mortgage rate volatility and geopolitical risks.
DHI Technical Analysis
D.R. Horton's stock is currently in a downtrend, with the price at $143.06 as of July 31, 2026, down 2.47% over the past year, while the S&P 500 gained 18.19% in the same period, indicating significant underperformance. The stock is trading at 77.5% of its 52-week range (between $131.75 low and $184.55 high), closer to the low end, suggesting a bearish posture and potential value opportunity or continued weakness. The 52-week high of $184.55 was set earlier in the period, and the current price is 22.5% below that level, reflecting a sustained decline.
Beta
1.38
1.38x market volatility
Max Drawdown
-28.0%
Largest decline past year
52-Week Range
$132-$185
Price range past year
Annual Return
-5.2%
Cumulative gain past year
| Period | DHI Return | S&P 500 |
|---|---|---|
| 1m | -6.2% | +2.8% |
| 3m | -1.1% | +4.2% |
| 6m | -6.6% | +11.3% |
| 1y | -5.2% | +21.5% |
| ytd | +0.2% | +12.7% |
Bobby - Your AI Investment Partner
Get real-time data, AI-driven personalized investment analysis to make smarter investment decisions
DHI Fundamental Analysis
Revenue for the fiscal second quarter (ending March 31, 2026) was $7.558 billion, down 2.27% year-over-year, marking a deceleration from the prior year's growth. The multi-quarter trend shows revenue declining from $9.678 billion in Q4 2025 to $7.558 billion in Q2 2026, indicating a clear slowdown. Segment-wise, Homebuilding generated $7.063 billion, Financial Services $192.8 million, Rental $211.8 million, and Forestar Group $374.3 million, with eliminations of -$284 million, showing Homebuilding as the dominant driver but facing cyclical pressure.
Quarterly Revenue
$7.6B
2026-03
Revenue YoY Growth
-2.3%
YoY Comparison
Gross Margin
22.5%
Latest Quarter
Free Cash Flow
$3.5B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
Open an Account, get $2 TSLA now!
Valuation Analysis: Is DHI Overvalued?
Given positive net income, the primary valuation metric is the trailing P/E ratio, which stands at 14.58x, with a forward P/E of 12.16x, implying the market expects earnings growth. The gap between trailing and forward P/E suggests an anticipated improvement in earnings, consistent with analyst estimates of EPS growth. Compared to the industry average P/E of 15x (based on available data), DHI trades at a slight discount, but the forward P/E of 12.16x is more attractive, reflecting a potential value opportunity. Historically, the stock's P/E has ranged from 3.58x to 17.74x over the past few years, and the current trailing P/E of 14.58x is near the higher end, indicating the market is pricing in optimistic expectations relative to its own history.
PE
14.6x
Latest Quarter
vs. Historical
High-End
5-Year PE Range 4x~18x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
11.4x
Enterprise Value Multiple