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D.R. Horton, Inc.

DHI · NYSE

Market closed$149.39$-5.03 (-3.26%)After hours $149.32 · -0.05%

Key statistics

Previous close$154.42
Open$154.45
Day high$157.23
Day low$148.76
52-week high$184.55
52-week low$129.22
Market cap42.36B
Volume2.92M
Average volume2.36M
P/E ratio14.00
Forward P/E11.70
EPS10.67
Dividend yield+1.17%

Market context

Why it moved

D.R. Horton shares fell sharply as slower new-home sales, a disappointing spring selling season, and the company's increased use of price cuts and closing-cost incentives amid elevated mortgage rates raised fresh concerns about margin pressure and near-term demand weakness.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026D.R. Horton shares fell sharply as weak June housing data and cautious pre-earnings sentiment weighed on the homebuilding sector broadly. The U.S. Census Bureau reported that single-family housing starts slipped again in June while building permits fell, with peer homebuilders Meritage Homes and LGI Homes also trading down on the data. Adding to the pressure, July builder sentiment dropped to 34, with affordability challenges, elevated mortgage rates, and high land costs cited as headwinds. With D.R. Horton's fiscal Q3 2026 earnings scheduled for July 21, investors appear to be cautiously de-risking ahead of the report.

-3.2574

July 17, 2026D.R. Horton shares rose nearly 2%, outperforming the broader market as investors positioned ahead of the company's Q3 fiscal 2026 earnings report scheduled for July 21. The gain came on the heels of a cooler-than-expected June CPI reading of 3.5%, which reduced rate-hike odds and lifted rate-sensitive homebuilder stocks broadly. Analyst BTIG reiterated a Buy rating with a $188 price target, and a DCF-based analysis suggested shares may trade at a ~16% discount to intrinsic value following the company's recent earnings beat and raised guidance. Headwinds remain, however, as the NAHB Housing Market Index fell to 34 in July—its 15th straight month below 40—with builder confidence weakening amid elevated mortgage rates, rising material costs, and a pending DHI Mortgage class-action lawsuit over understated property tax estimates.

1.8938

July 16, 2026D.R. Horton shares edged higher, outperforming the broader market, as homebuilder sentiment got a lift from Tuesday's cooler-than-expected June CPI report, which dropped the odds of a July Fed rate hike from 42% to just 16.6% and pulled 10-year Treasury yields lower — a meaningful tailwind for mortgage rates. The nation's largest homebuilder is also benefiting from the recently signed 21st Century Road to Housing Act and its Q2 earnings beat with raised full-year guidance, with Q3 results due July 21. BTIG's Ryan Gilbert reiterated a Buy with a $188 price target, though the broader analyst consensus remains Hold at $166.75.

1.0401

July 15, 2026D.R. Horton shares edged higher, outperforming the prior session's broad market selloff, as investors responded to a cooler-than-expected June CPI print that lifted homebuilder sentiment. The macro backdrop turned more favorable for the sector after inflation slowed to 3.5% year-over-year, easing rate hike fears that had weighed on housing stocks, while a landmark housing affordability bill becoming law provided additional tailwinds. Barclays maintained its Equal-Weight rating but nudged its price target slightly to $141 from $140, reflecting cautious optimism, even as the stock trades well above that target. D.R. Horton's own Q2 2026 EPS of $2.24 surpassed estimates, underscoring resilient execution amid a still-challenging affordability environment for the broader homebuilding peer group.

0.7659

July 14, 2026D.R. Horton declined nearly 2% as broad market selling pressure — driven by renewed U.S.-Iran military tensions and surging oil prices — weighed on homebuilder stocks despite several positive catalysts. Bank of America recently initiated coverage with a Buy rating, naming D.R. Horton its top homebuilder pick over Lennar and PulteGroup, while Goldman Sachs maintained a bullish stance with a $186 price target. Adding to the constructive backdrop, the company reported Q2 2026 EPS of $2.24, beating estimates, and a landmark federal housing affordability bill became law — the first major housing legislation in nearly 30 years.

-1.801

July 11, 2026D.R. Horton shares rose modestly, recovering from a sharp 4.6% sell-off on July 8 triggered by President Trump declaring the Iran ceasefire "over" and threatening fresh strikes — a shock that spiked oil prices and bond yields, pressuring the entire homebuilder complex. Investor focus is now squarely on the company's fiscal Q3 earnings due July 21, with Oppenheimer reiterating a Perform rating, cautioning that the stock's 16% rally since mid-May may have already priced in an expected EPS beat, while Goldman Sachs adjusted its price target to $186.

1.3574

July 10, 2026D.R. Horton shares edged higher, recovering from a sharp 4.6% sell-off the prior session triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' which sent oil prices surging and bond yields climbing on renewed inflation fears — a direct headwind for interest-rate-sensitive homebuilders. The rebound came as Oppenheimer reiterated its Perform rating ahead of the company's July 21 fiscal Q3 earnings report, noting D.R. Horton is positioned to beat EPS estimates ($3.00 vs. $2.98 consensus) with demand tracking normal seasonality and construction costs serving as a tailwind. However, Oppenheimer flagged that much of the positive outlook may already be priced in, with shares up 16% since mid-May versus the S&P 500's 2% gain over the same stretch.

0.7003

July 9, 2026D.R. Horton shares fell sharply, hit by a sector-wide selloff after President Trump declared the Iran ceasefire "over" and threatened fresh strikes, sending oil prices surging more than 5% and driving Treasury yields higher on renewed inflation fears. Rising yields feed directly into mortgage rates — already hovering near 6.5-6.8% — cooling affordability and pressuring homebuilder order books. The macro headwinds overshadowed D.R. Horton's own recent earnings beat and full-year guidance raise, in which the company reported $7.6B in quarterly revenue while returning over $1B to shareholders, with some analysts now flagging the stock as undervalued near current levels.

-4.6301

Simply Wall Street · July 19, 2026Did Slower New-Home Sales and Steeper Incentives Just Shift D.R. Horton’s (DHI) Investment Narrative?Moomoo · July 16, 2026Earnings Preview: D.R. Horton to Report Financial Results Pre-market on July 21TradingView · July 16, 2026D.R. Horton's Q3 Earnings Preview: What Investors Must Know Now?Moomoo · July 14, 2026Truist Financial Initiates D.R. Horton(DHI.US) With Hold RatingWebull · June 19, 2026How Strong Q2 Results and Reaffirmed Outlook Will Impact D.R. Horton (DHI) InvestorsTradingKey · April 21, 2026DR Horton Inc Stock (DHI) Opened Up by 8.47% on Apr 21: Facts Behind the MovementInvesting.com · April 21, 2026Earnings call transcript: D.R. Horton beats Q2 2026 forecasts, stock jumpsTradingView · January 16, 2026D.R. Horton's Q1 Earnings Preview: What Investors Must Know Now?
Mt Newswire · July 14, 2026Barclays Adjusts Price Target on D.R. Horton to $141 From $140, Maintains Equalweight Rating
Benzinga · July 14, 2026Barclays Maintains Equal-Weight on D.R. Horton, Raises Price Target to $141
Mt Newswire · July 10, 2026Goldman Sachs Adjusts Price Target on D.R. Horton to $186 From $190
Mt Newswire · July 9, 2026D.R. Horton Quarterly Earnings Poised for Beat Amid Multiple Tailwinds, Oppenheimer Says
Mt Newswire · July 9, 2026D.R. Horton Expected to Meet Q3 Margin Guidance, Beat Earnings Estimates, Oppenheimer Says
Benzinga · July 7, 2026Zelman & Assoc Upgrades D.R. Horton to Outperform
Benzinga · July 2, 20263 Stocks to Buy Every July
Benzinga · July 1, 2026Americans Still Can't Afford to Buy — and Homebuilder Stocks Are Paying the Price

Peers

S&P 500SPX · $7,457.69-1.01%Lennar CorporationLEN · $83.89-2.91%PulteGroup, Inc.PHM · $126.08-2.28%NVR, Inc.NVR · $6,490.04-3.15%Toll Brothers, Inc.TOL · $150.76-3.24%Taylor Morrison Home CorporationTMHC · $72.13-0.07%KB HomeKBH · $56.13-2.91%Meritage Homes CorporationMTH · $74.17-4.22%LGI Homes, Inc.LGIH · $58.48-4.19%Century Communities, Inc.CCS · $65.53-4.01%M/I Homes, Inc.MHO · $149.53-2.22%Hovnanian Enterprises, Inc.HOV · $131.70-3.41%