D.R. Horton, Inc. (NYSE:DHI) Given Average Recommendation of “Hold” by Analysts

D.R. Horton, Inc. (NYSE:DHI) has earned an average rating of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $160.50.

Several equities analysts recently weighed in on DHI shares. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. UBS Group set a $163.00 target price on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, Citigroup dropped their price target on shares of 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.

D.R. Horton Price Performance

NYSE DHI opened at $156.33 on Friday. The company has a 50-day moving average price of $152.26 and a 200-day moving average price of $156.43. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $45.29 billion, a P/E ratio of 14.20, a PEG ratio of 2.44 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the business posted $2.61 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in the business. Concord Wealth Partners purchased a new position in D.R. Horton in the 3rd quarter worth approximately $25,000. Canton Hathaway LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $27,000. Sound Income Strategies LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $27,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton during the fourth quarter worth $27,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

About D.R. Horton

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.