D.R. Horton, Inc. (NYSE:DHI) Given Consensus Rating of “Moderate Buy” by Analysts

D.R. Horton, Inc. (NYSE:DHIGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $149.53.

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Barclays boosted their price target on shares of D.R. Horton from $143.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Royal Bank of Canada upped their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. JMP Securities upped their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Finally, Raymond James upped their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st.

Check Out Our Latest Stock Analysis on D.R. Horton

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 in the last ninety days. 1.74% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds have recently made changes to their positions in DHI. Evergreen Capital Management LLC boosted its position in D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after buying an additional 3,489 shares during the period. Los Angeles Capital Management LLC boosted its position in D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after buying an additional 591,787 shares during the period. SteelPeak Wealth LLC acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $218,000. O Shaughnessy Asset Management LLC boosted its position in D.R. Horton by 43.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after buying an additional 6,272 shares during the period. Finally, Berkshire Hathaway Inc acquired a new stake in D.R. Horton during the 2nd quarter worth approximately $726,454,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI opened at $155.63 on Wednesday. The company has a market capitalization of $51.64 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.93 and a beta of 1.64. D.R. Horton has a one year low of $94.22 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The company’s fifty day moving average price is $149.61 and its 200 day moving average price is $134.94.

D.R. Horton (NYSE:DHIGet Free Report) last announced its earnings results on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.76 EPS. As a group, analysts expect that D.R. Horton will post 14.17 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

About D.R. Horton

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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 118 markets across 33 states under the names of D.R.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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