Analysts Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $158.06

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $158.06.

Several analysts recently issued reports on DHI shares. Raymond James increased their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. UBS Group boosted their price target on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. The Goldman Sachs Group raised their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Jefferies Financial Group raised their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold 25,812 shares of company stock valued at $4,029,217 over the last quarter. Corporate insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Legal Advantage Investments Inc. raised its position in D.R. Horton by 2.5% in the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after purchasing an additional 75 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of D.R. Horton by 0.5% in the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock valued at $2,639,000 after buying an additional 75 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in D.R. Horton by 2.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock worth $625,000 after buying an additional 76 shares in the last quarter. Wealthsource Partners LLC increased its position in D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after acquiring an additional 78 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of D.R. Horton by 2.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 2.1 %

Shares of NYSE DHI opened at $148.48 on Friday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The business has a 50-day moving average price of $152.09 and a two-hundred day moving average price of $141.48. The firm has a market capitalization of $48.90 billion, a PE ratio of 10.11, a PEG ratio of 0.72 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the firm posted $2.73 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, analysts predict that D.R. Horton will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

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.