D.R. Horton, Inc. (NYSE:DHI) Announces $0.40 Quarterly Dividend

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.40 per share by the construction company on Friday, February 14th. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, February 7th.

D.R. Horton has increased its dividend by an average of 16.4% per year over the last three years. D.R. Horton has a dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect D.R. Horton to earn $14.49 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 11.0%.

D.R. Horton Stock Up 1.6 %

D.R. Horton stock opened at $139.73 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The stock’s fifty day moving average is $146.95 and its two-hundred day moving average is $168.45.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 earnings per share. Analysts predict that D.R. Horton will post 13.05 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Wedbush reaffirmed a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.93.

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.