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

D.R. Horton, Inc. (NYSE:DHI) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $170.20.

Several equities research analysts recently weighed in on DHI shares. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday.

Insider Buying and Selling at D.R. Horton

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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton in the third quarter worth $1,853,178,000. FMR LLC lifted its stake in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in D.R. Horton in the third quarter worth $72,672,000. Nordea Investment Management AB lifted its stake in D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after acquiring an additional 215,947 shares during the period. Finally, KBC Group NV lifted its stake in D.R. Horton by 360.0% in the third 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. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 3.1 %

NYSE DHI opened at $147.35 on Tuesday. The stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. The business’s fifty day moving average is $150.06 and its 200-day moving average is $169.33.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. Equities research analysts predict that D.R. Horton will post 13.87 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. D.R. Horton’s payout ratio is 11.31%.

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.