D.R. Horton’s (DHI) “Neutral” Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of D.R. Horton (NYSE:DHI) in a research note released on Friday,RTT News reports. They currently have a $180.00 target price on the construction company’s stock.

A number of other research firms have also weighed in on DHI. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Citigroup dropped their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Evercore ISI lowered their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $176.20.

D.R. Horton Stock Performance

Shares of DHI opened at $147.83 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm’s 50 day moving average is $151.85 and its 200-day moving average is $169.02. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The stock has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results 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). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’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 EPS. Equities research analysts anticipate that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is presently 11.14%.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of D.R. Horton

A number of institutional investors and hedge funds have recently modified their holdings of DHI. KBC Group NV raised its holdings in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares during the period. Legacy CG LLC bought a new position in shares of D.R. Horton in the third quarter worth about $4,220,000. Toronto Dominion Bank lifted its position in shares of D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Pensionfund Sabic boosted its stake in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 4,000 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after buying an additional 36,780 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.