D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Recommendation of “Hold” from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has earned an average rating of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $170.93.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. JMP Securities restated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th.

D.R. Horton Price Performance

Shares of DHI opened at $125.92 on Friday. D.R. Horton has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a market capitalization of $39.68 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The firm has a 50-day simple moving average of $139.42 and a 200-day simple moving average of $164.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Nemes Rush Group LLC increased its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the period. 90.63% of the stock is 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.