D.R. Horton (NYSE:DHI) Sets New 12-Month High at $193.63

Shares of D.R. Horton, Inc. (NYSE:DHI) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $193.63 and last traded at $192.74, with a volume of 100204 shares traded. The stock had previously closed at $188.81.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Barclays raised their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. UBS Group raised their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada increased their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company raised their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Stock Performance

The firm has a market cap of $63.47 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $175.54 and its 200-day simple moving average is $157.86.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.90 EPS. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

D.R. Horton declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bfsg LLC raised its holdings in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the last quarter. Rise Advisors LLC bought a new stake in D.R. Horton during the first quarter valued at approximately $27,000. RiverPark Advisors LLC bought a new stake in D.R. Horton during the first quarter valued at approximately $29,000. Riverview Trust Co bought a new stake in D.R. Horton during the first quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC bought a new stake in D.R. Horton during the second quarter valued at approximately $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.