Argus Issues Positive Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price objective increased by Argus from $175.00 to $185.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the company. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Citigroup lowered their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Bank of America reduced their price objective on D.R. Horton from $162.00 to $158.00 and set a “neutral” rating for the company in a research note on Wednesday. Evercore ISI lifted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday. Finally, Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $162.64.

D.R. Horton Price Performance

D.R. Horton stock opened at $150.48 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 6.63. The company’s fifty day moving average price is $151.18 and its 200 day moving average price is $155.14. The stock has a market capitalization of $43.80 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.27 and a beta of 1.42. D.R. Horton has a 1 year low of $110.44 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. As a group, equities research analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s payout ratio is currently 16.35%.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in DHI. Concord Wealth Partners purchased a new position in D.R. Horton in the third quarter worth approximately $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton during the 3rd quarter worth $27,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in D.R. Horton in the 2nd quarter valued at about $29,000. 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.