D.R. Horton, Inc. (NYSE:DHI) Announces $0.40 Quarterly Dividend

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Shareholders of record on Friday, May 2nd will be given a dividend of 0.40 per share by the construction company on Friday, May 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 2nd.

D.R. Horton has increased its dividend payment by an average of 16.4% per year over the last three years. D.R. Horton has a payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect D.R. Horton to earn $14.44 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 11.1%.

D.R. Horton Stock Up 3.2 %

Shares of NYSE:DHI opened at $121.29 on Monday. The company has a market cap of $38.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $126.41 and a 200 day moving average price of $146.67. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the firm earned $3.52 EPS. As a group, equities research analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays lowered their price target on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. 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. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Bank of America decreased their price target on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday. Softer demand and elevated incentives impacting outlook through H2 2025 Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $162.92.

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.