D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $158.06.

DHI has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Wedbush reaffirmed an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. BTIG Research lowered their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th.

Insider Activity

In related news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction 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 directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders sold 27,560 shares of company stock valued at $4,279,636 in the last quarter. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors have recently added to or reduced their stakes in DHI. Legal Advantage Investments Inc. lifted its position in D.R. Horton by 2.5% during the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares in the last quarter. First Hawaiian Bank lifted its position in D.R. Horton by 0.5% during the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after buying an additional 75 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in D.R. Horton by 2.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock worth $625,000 after buying an additional 76 shares in the last quarter. Wealthsource Partners LLC lifted its position in D.R. Horton by 2.7% during the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after buying an additional 78 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in D.R. Horton by 2.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

DHI stock opened at $145.33 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company has a 50 day moving average price of $151.99 and a 200 day moving average price of $140.33. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The stock has a market capitalization of $47.86 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the company posted $2.73 EPS. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. Analysts forecast that D.R. Horton will post 14.28 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton Company Profile

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.