D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of “Hold” from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $158.1538.

A number of equities research analysts have weighed in on DHI shares. Citigroup cut their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. BTIG Research began coverage on D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Bank of America cut their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th.

D.R. Horton Trading Up 1.4%

NYSE:DHI opened at $159.48 on Tuesday. The stock has a market cap of $46.43 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. D.R. Horton has a 1 year low of $110.44 and a 1 year high of $184.54. The business has a fifty day moving average of $149.02 and a 200-day moving average of $153.89.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the prior year, the company earned $3.92 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors increased its position in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares in the last quarter. State Street Corp raised its stake in D.R. Horton by 0.7% during the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after purchasing an additional 92,219 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton in the second quarter valued at $494,278,000. Invesco Ltd. boosted its position in shares of D.R. Horton by 18.1% in the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after buying an additional 517,752 shares during the period. Finally, Franklin Resources Inc. raised its position in D.R. Horton by 16.4% during the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after buying an additional 450,362 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.