D.R. Horton (DHI)
Consumer · NYSE · US
Price as at 24 Aug 2026, 04:21 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
D.R. Horton trades at $148.35, which is 39% above the $90.61 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 42 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 14.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
DHI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.35 | 3 |
| 2025 | $1.65 | 4 |
| 2024 | $1.30 | 4 |
| 2023 | $1.05 | 4 |
| 2022 | $0.925 | 4 |
| 2021 | $0.825 | 4 |
| 2020 | $0.725 | 4 |
| 2019 | $0.625 | 4 |
| 2018 | $0.525 | 4 |
| 2017 | $0.425 | 4 |
| 2016 | $0.340 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
DHI earnings and analyst estimates
Recommendation mix, 19 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About D.R. Horton
D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 126 markets across 36 states under the names of D.R. Horton. The company also constructs and sells single-family detached homes; and attached homes, such as townhomes and duplexes. In addition, it provides mortgage financing and title agency services; and engages in the residential lot development business. Further, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; conducts insurance-related operations; and owns water rights and other water-related assets, as well as non-residential real estate, including ranch land and improvements. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
Super investor ownership
22 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Capital Research Global, Capital Research Global Investors$639.10M · 0.1% of book
- Greenhaven Associates, GREENHAVEN ASSOCIATES INC$571.02M · 6.6% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$187.57M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$130.00M · 0.1% of book
- Glenn Greenberg, Brave Warrior Advisors, LLC$111.49M · 2.4% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is D.R. Horton (DHI) undervalued?
Against our fair value estimate of $90.61, DHI at $148.35 is 39% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own DHI?
22 of the institutions we track reported a position in DHI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is DHI's P/E ratio?
DHI trades at 14.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does D.R. Horton (DHI) pay a dividend?
Yes. D.R. Horton yields 1.19% at the current share price. It has paid $1.80 per share over the trailing twelve months. It has paid a dividend in each of the last 12 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its DHI data?
Fundamentals for DHI come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 24 Aug 2026, 04:21 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for DHI, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.