D.R. Horton stock holds firm after a $3.2 billion quarter
Published on 08/21/2026 at 21:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
D.R. Horton, Inc. (US23331A1097) is tied to a July 21, 2026 quarter that brought $3.20 in earnings per share on $9.23 billion in revenue, both ahead of estimates, while the shares opened at $147.65 and the market value stood at $41.30 billion. The latest numbers also show a $0.45 quarterly dividend and a hold consensus with a $166.92 average price target.
Quarterly beat
The quarter ended with $3.20 EPS versus $3.02 expected and $9.23 billion in revenue versus $9.10 billion expected, a gap that still leaves the homebuilder trading at 14.05 times earnings. Net margin was 9.15%, return on equity was 12.47%, and the company kept its payout at $0.45 a share.
That mix matters because the homebuilding cycle is still being judged on profit quality, not just unit growth. A 2026 consensus estimate of $10.47 a share suggests analysts are still modeling another solid year, even as the current call sits at Hold.
Housing backdrop
For context, the same earnings update said home sales revenue reached $8.68 billion, home sales gross margin was 20.7%, and net sales orders totaled 23,084 homes. Management also trimmed fiscal 2026 closings guidance to 83,800-84,300 homes from 86,000-87,500 earlier in the year.
That guidance cut is the most important comparison in the latest report: the midpoint now implies 84,050 closings, or 2,700 fewer homes than the prior midpoint of 86,750. The gap shows why investors are still weighing volume against margin pressure and incentives.
What D.R. Horton builds
D.R. Horton is a national homebuilder that sells single-family detached homes, townhomes, and condominiums, and it also runs mortgage, title, and closing services. The company said 67% of homes closed in the first nine months of fiscal 2026 were built on lots developed by Forestar or third parties, up from 65% a year earlier.
Price and valuation
As of August 21, 2026, the shares opened at $147.65, the 52-week range was $131.75 to $184.54, and the market capitalization was $41.30 billion. The stock traded below its 200-day moving average of $149.76 and slightly below its 50-day moving average of $151.91.
More on D.R. Horton stock
Company: D.R. Horton, Inc.
ISIN: US23331A1097
Ticker: DHI
Exchange: NYSE
Price (as of August 21, 2026): $147.65 USD
Market cap: $41.30 billion
Sector / Industry: Consumer Cyclical / Residential Construction
Index membership: S&P 500
