D.R. Horton, Inc. (NYSE:DHI) Receives $185.87 Average Target Price from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $185.87.

DHI has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Citigroup dropped their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Barclays reduced their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st.

D.R. Horton Stock Down 1.3 %

Shares of NYSE:DHI opened at $161.61 on Thursday. D.R. Horton has a 52-week low of $125.28 and a 52-week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $182.40 and a two-hundred day moving average of $166.77. The stock has a market cap of $52.66 billion, a P/E ratio of 11.25, a PEG ratio of 0.56 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the business posted $4.45 earnings per share. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts expect that D.R. Horton will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently made changes to their positions in DHI. Entropy Technologies LP acquired a new stake in shares of D.R. Horton during the 1st quarter worth about $1,193,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of D.R. Horton during the first quarter worth $288,000. Blair William & Co. IL increased its stake in D.R. Horton by 0.6% in the first quarter. Blair William & Co. IL now owns 37,310 shares of the construction company’s stock valued at $6,139,000 after purchasing an additional 230 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in D.R. Horton by 9.2% during the first quarter. Orion Portfolio Solutions LLC now owns 26,461 shares of the construction company’s stock worth $4,354,000 after buying an additional 2,237 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in D.R. Horton in the 1st quarter worth about $280,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

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.