D.R. Horton, Inc. (NYSE:DHI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $185.87.

A number of analysts have recently commented on the company. BTIG Research dropped their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $158.51 on Monday. The stock has a market cap of $50.91 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.59 and a beta of 1.71. The firm’s 50-day simple moving average is $174.54 and its 200 day simple moving average is $168.76. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two 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.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.45 earnings per share. Equities analysts expect that D.R. Horton will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. D.R. Horton’s payout ratio is currently 11.14%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.74% of the company’s stock.

Institutional Trading of D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in D.R. Horton in the 3rd quarter worth about $713,000. American Trust bought a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $3,399,000. Peapack Gladstone Financial Corp increased its holdings in D.R. Horton by 41.7% in the third quarter. Peapack Gladstone Financial Corp now owns 23,586 shares of the construction company’s stock worth $4,500,000 after buying an additional 6,936 shares during the last quarter. Synovus Financial Corp raised its position in D.R. Horton by 5.1% during the third quarter. Synovus Financial Corp now owns 10,288 shares of the construction company’s stock valued at $1,963,000 after acquiring an additional 501 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in D.R. Horton by 22.2% in the third quarter. Tidal Investments LLC now owns 44,659 shares of the construction company’s stock valued at $8,520,000 after acquiring an additional 8,107 shares during the last quarter. 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.