D.R. Horton, Inc. (NYSE:DHI – Get Free Report)’s stock price reached a new 52-week high on Thursday after Bank of America raised their price target on the stock from $196.00 to $215.00. Bank of America currently has a buy rating on the stock. D.R. Horton traded as high as $199.40 and last traded at $196.27, with a volume of 54030 shares changing hands. The stock had previously closed at $194.19.
A number of other brokerages also recently commented on DHI. Wells Fargo & Company raised their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. UBS Group lifted their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. StockNews.com cut D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. JMP Securities boosted their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. 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 report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $183.33.
Get Our Latest Analysis on DHI
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D.R. Horton Stock Performance
The stock has a market cap of $63.20 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average is $180.71 and its 200-day moving average is $159.35.
D.R. Horton (NYSE:DHI – Get Free Report) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating 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 business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the previous year, the business posted $3.90 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current year.
D.R. Horton Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.
D.R. Horton declared that its board has approved a stock buyback program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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.
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