D.R. Horton (NYSE:DHI) Trading 2.4% Higher – Still a Buy?

D.R. Horton, Inc. (NYSE:DHI)’s share price shot up 2.4% during mid-day trading on Friday . The company traded as high as $123.00 and last traded at $125.25. 428,456 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 2,815,113 shares. The stock had previously closed at $122.31.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

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 stock’s 50 day moving average price is $131.02 and its 200 day moving average price is $152.73. The company has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Institutional Trading of D.R. Horton

Large investors have recently modified their holdings of the stock. Golden State Equity Partners boosted its stake in D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. Toronto Dominion Bank raised its stake in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares during the period. Pensionfund Sabic boosted its holdings in D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Park Avenue Securities LLC grew its stake in D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after acquiring an additional 2,767 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $713,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.