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

D.R. Horton, Inc. (NYSE:DHI) has been given a consensus recommendation of “Hold” by the seventeen research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $159.9333.

Several research firms recently commented on DHI. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Barclays dropped their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Argus upped their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Finally, Evercore raised their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company’s stock.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors grew its position in shares of D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after acquiring an additional 6,695,592 shares in the last quarter. State Street Corp raised its position in shares of 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 acquiring an additional 92,219 shares in the last quarter. Capital Research Global Investors raised its position in shares of D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after acquiring an additional 13,155 shares in the last quarter. Norges Bank bought a new position in D.R. Horton during the fourth quarter worth $649,305,000. Finally, Morgan Stanley boosted its holdings in D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after purchasing an additional 67,578 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $134.24 on Friday. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company has a market capitalization of $38.89 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43. The firm’s fifty day moving average price is $151.87 and its 200 day moving average price is $153.93.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

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.