D.R. Horton, Inc. (NYSE:DHI) Receives $170.93 Consensus Target Price from Analysts

D.R. Horton, Inc. (NYSE:DHI) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $170.93.

Several brokerages have recently weighed in on DHI. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Barclays cut 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Coastline Trust Co acquired a new position in D.R. Horton during the third quarter valued at $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Nemes Rush Group LLC grew its stake in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $30,000. Finally, FSA Wealth Management LLC purchased a new position in D.R. Horton in the third quarter valued at about $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 0.1 %

NYSE:DHI opened at $126.59 on Friday. D.R. Horton has a 12-month low of $124.23 and a 12-month high of $199.85. The firm has a market capitalization of $39.89 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a 50 day simple moving average of $137.48 and a 200 day simple moving average of $162.85.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

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.