D.R. Horton, Inc. (NYSE:DHI) Given Average Recommendation of “Hold” by Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given a consensus rating of “Hold” by the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $179.60.

DHI has been the topic of several analyst reports. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Barclays reissued an “equal weight” rating and issued a $170.00 target price (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th.

D.R. Horton Stock Performance

Shares of DHI opened at $137.64 on Friday. The firm has a market capitalization of $44.16 billion, a P/E ratio of 9.58, a PEG ratio of 0.57 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The business has a fifty day moving average of $158.37 and a 200 day moving average of $168.52.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed 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 represents a $1.60 annualized dividend and a dividend yield of 1.16%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton in the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. increased its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the period. Grove Bank & Trust lifted its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.