DHI

Over the past six months (April 2026 - October 2026), D.R. Horton's stock (DHI) experienced a 10.9% decline over the past 12 months, with a 52-week range between $131.75 and $176.05. On April 21, 2026, the company reported fiscal 2026 Second Quarter earnings, with net income decreasing 20% to $647.9 million and diluted earnings per share decreasing 13% to $2.24, despite consolidated revenues of $7.6 billion and an 11% year-over-year increase in net sales orders to 24,992 homes; a quarterly dividend of $0.45 per share was also declared. In May 2026, the company expanded its committed mortgage repurchase facility capacity to $1.925 billion to support liquidity. On July 21, 2026, D.R. Horton reported fiscal 2026 Third Quarter earnings, with net income of $904.9 million ($3.20 per diluted share) on $9.2 billion in revenues and a 13.3% pre-tax profit margin; the company closed 23,983 homes, generating $8.7 billion in home sales revenue, though the average closing price was down 2% year-over-year, and another quarterly dividend of $0.45 per share was declared along with a $5 billion share buyback boost. Throughout the period, analyst ratings and price targets were adjusted, with several firms lowering their price targets for D.R. Horton in September and October 2026, and Melius Research initiating coverage with a "sell" rating and a $128 price target in October 2026. Market conditions, including elevated mortgage rates, affordability constraints, and cautious consumer sentiment, impacted new home demand, leading D.R. Horton to utilize sales incentives and lower its fiscal 2026 closing outlook and revenue guidance; consolidated revenues fell 4% to $23.7 billion and net income decreased 20% year-over-year to $2.1 billion for the nine months ended June 30, 2026.