D.R. Horton, Inc. (NYSE:DHI) Receives $183.33 Average PT from Analysts

D.R. Horton, Inc. (NYSE:DHI) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $183.33.

DHI has been the subject of several research reports. Bank of America lifted their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. JMP Securities lifted their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Evercore ISI increased their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd.

D.R. Horton Stock Performance

NYSE:DHI opened at $192.71 on Wednesday. The firm’s fifty day simple moving average is $183.94 and its 200-day simple moving average is $161.30. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The stock has a market cap of $63.46 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.73. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the prior year, the business posted $3.90 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

D.R. Horton announced that its board has initiated a share repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. D.R. Horton’s payout ratio is currently 8.17%.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bfsg LLC grew its stake in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares during the period. Rise Advisors LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth $27,000. RiverPark Advisors LLC acquired a new position in D.R. Horton in the first quarter valued at $29,000. Riverview Trust Co purchased a new stake in D.R. Horton during the first quarter valued at about $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the second quarter worth about $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.