Analysts Set D.R. Horton, Inc. (NYSE:DHI) Price Target at $165.25

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $163.8333.

A number of research analysts have commented on DHI shares. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a research note on Tuesday. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. Barclays lifted their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd.

D.R. Horton Stock Performance

NYSE:DHI opened at $144.21 on Friday. The firm’s 50-day moving average is $145.36 and its 200-day moving average is $146.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The company has a market cap of $40.33 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 2.21 and a beta of 1.37. D.R. Horton has a 52-week low of $131.75 and a 52-week high of $176.22.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $3.36 EPS. Equities research analysts anticipate that D.R. Horton will post 10.45 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators increased its stake in shares of D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in D.R. Horton by 27.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after acquiring an additional 72 shares in the last quarter. AdvisorShares Investments LLC boosted its position in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after buying an additional 77 shares during the last quarter. Studio Investment Management LLC grew its stake in shares of D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after acquiring an additional 79 shares during the period. Finally, Values First Advisors Inc. grew its position in D.R. Horton by 1.6% in the 1st quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company’s stock worth $707,000 after purchasing an additional 80 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.