D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of “Hold” from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $170.93.

DHI has been the topic of several analyst reports. The Goldman Sachs Group lowered their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. UBS Group lowered their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, Evercore ISI cut their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th.

D.R. Horton Stock Down 2.8 %

DHI stock opened at $128.40 on Friday. The firm has a market cap of $40.46 billion, a PE ratio of 9.07, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a fifty day simple moving average of $137.96 and a 200 day simple moving average of $163.42. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 earnings per share. Sell-side analysts anticipate that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Institutional Investors Weigh In On D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the business. TCI Wealth Advisors Inc. boosted its position in shares of D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares in the last quarter. Covestor Ltd boosted its holdings in D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares during the period. Demars Financial Group LLC raised its holdings in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after buying an additional 78 shares during the period. Institutional investors 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.