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

D.R. Horton, Inc. (NYSE:DHI) has earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $168.5385.

DHI has been the topic of a number of research reports. Citigroup boosted their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Barclays raised their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada boosted their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently modified their holdings of the company. Core Wealth Advisors LLC bought a new position in D.R. Horton in the 4th quarter valued at $25,000. Sound Income Strategies LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $27,000. Ameriflex Group Inc. bought a new position in D.R. Horton during the third quarter valued at about $31,000. Osbon Capital Management LLC purchased a new stake in D.R. Horton during the fourth quarter worth about $26,000. Finally, Elevated Capital Advisors LLC bought a new stake in D.R. Horton in the fourth quarter worth about $27,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.7%

NYSE DHI traded up $1.05 during trading hours on Tuesday, hitting $157.93. 290,129 shares of the company’s stock were exchanged, compared to its average volume of 2,743,655. The stock has a 50-day simple moving average of $150.79 and a 200 day simple moving average of $150.21. D.R. Horton has a 1-year low of $129.11 and a 1-year high of $184.54. The firm has a market cap of $44.79 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 2.22 and a beta of 1.36. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 earnings per share. On average, equities analysts forecast that D.R. Horton will post 10.61 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

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.