D.R. Horton stock trades lower as analysts trim targets before earnings

Published on 09/29/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

D.R. Horton stock traded at USD 140.34 on September 29, 2026, while KBW cut its target to USD 160.00. Fiscal Q3 EPS beat consensus.

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D.R. Horton stock (ISIN US23331A1097) traded at USD 140.34 on the NYSE on September 29, 2026, down 0.83 percent from the previous close. The latest analyst reset puts the housing market's affordability pressure alongside a quarterly earnings beat.

Quarterly earnings beat expectations

According to StockTitan, D.R. Horton reported fiscal Q3 2026 net income attributable to common shareholders of USD 904.9 million and diluted EPS of USD 3.20. The result exceeded the USD 3.02 consensus cited by MarketBeat on September 22, 2026, a USD 0.18 difference.

Revenue reached USD 9.23 billion in fiscal Q3 2026, compared with USD 9.10 billion expected, according to MarketBeat. The same filing summary reported a 13.3 percent pre-tax margin and a 20 percent cancellation rate, showing why demand quality remains central to the valuation.

KBW lowers its price target

MarketBeat reported on September 22, 2026, that Keefe, Bruyette & Woods lowered its D.R. Horton price target from USD 167.00 to USD 160.00 while maintaining a Market Perform rating. The revised target is USD 19.66 above the September 29 intraday price.

Analyst caution is visible in the wider range of estimates. MarketBeat listed a 12-month consensus target of USD 163.83 from 15 analysts, with 10 Hold ratings and five Buy ratings. That spread leaves the earnings beat competing with mortgage affordability and elevated sales incentives.

Results date is set

According to MarketScreener, D.R. Horton will release fiscal Q4 and full-year 2026 results on October 29, 2026, before the market opens. The report will show whether the company can convert its quarterly earnings resilience into a stronger full-year outlook.

Stock trades below yearly high

D.R. Horton was trading at USD 140.34 on September 29, 2026, at 3:11 p.m. EDT, with a session range of USD 139.48 to USD 142.37. Its 52-week range was USD 131.75 to USD 176.22, while market capitalization stood at USD 39.3 billion and volume reached 1,569,637 shares.