D.R. Horton’s (DHI) Neutral Rating Reaffirmed at Seaport Research Partners

Seaport Research Partners restated their neutral rating on shares of D.R. Horton (NYSE:DHI) in a report released on Tuesday, MarketBeat Ratings reports.

Several other analysts have also commented on DHI. Barclays cut their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, UBS Group reiterated a “buy” rating on shares of D.R. Horton in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.93.

D.R. Horton Stock Performance

Shares of DHI opened at $137.01 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton has a one year low of $110.44 and a one year high of $184.54. The firm has a market capitalization of $39.69 billion, a P/E ratio of 12.44, a PEG ratio of 2.17 and a beta of 1.44. The business has a fifty day moving average of $149.75 and a 200 day moving average of $152.06.

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 the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. D.R. Horton’s revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s payout ratio is presently 16.35%.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Large investors have recently made changes to their positions in the business. Concord Wealth Partners purchased a new position in shares of D.R. Horton in the third quarter valued at about $25,000. Core Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in shares of D.R. Horton in the third quarter valued at about $26,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at about $26,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton in the third quarter valued at about $27,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.