D.R. Horton, Inc. (DHI) To Go Ex-Dividend on November 12th

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.40 per share by the construction company on Tuesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30.

D.R. Horton has raised its dividend payment by an average of 13.1% per year over the last three years. D.R. Horton has a payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect D.R. Horton to earn $15.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.8%.

D.R. Horton Stock Performance

Shares of DHI stock opened at $169.29 on Thursday. D.R. Horton has a 12 month low of $102.23 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The firm has a market capitalization of $55.75 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.78 and a beta of 1.72. The company’s fifty day moving average price is $187.29 and its two-hundred day moving average price is $165.15.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.20 by ($0.28). D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

D.R. Horton declared that its Board of Directors has approved a share repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DHI. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays upped their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, JMP Securities upped their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.87.

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.