D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Rating of “Hold” from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $153.2308.

DHI has been the topic of a number of research reports. UBS Group upped their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada upped their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd.

D.R. Horton Stock Up 1.2%

Shares of DHI opened at $165.92 on Friday. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $199.85. The firm has a market cap of $49.46 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 3.48 and a beta of 1.34. The firm’s 50-day simple moving average is $138.23 and its 200 day simple moving average is $130.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the business earned $4.10 EPS. D.R. Horton’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts forecast that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton’s dividend payout ratio is presently 12.83%.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares of the company’s stock, valued at $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Bank Pictet & Cie Europe AG lifted its stake in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock valued at $44,626,000 after purchasing an additional 5,052 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of D.R. Horton by 8.5% during the fourth quarter. Townsquare Capital LLC now owns 8,350 shares of the construction company’s stock valued at $1,167,000 after acquiring an additional 652 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of D.R. Horton by 18.6% during the fourth quarter. CreativeOne Wealth LLC now owns 4,621 shares of the construction company’s stock valued at $646,000 after acquiring an additional 725 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of D.R. Horton by 64.3% during the fourth quarter. Gabelli Funds LLC now owns 11,500 shares of the construction company’s stock valued at $1,608,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of D.R. Horton during the fourth quarter valued at $381,000. Institutional investors own 90.63% of the company’s stock.

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.