D.R. Horton (NYSE:DHI) Now Covered by Analysts at BTIG Research

BTIG Research initiated coverage on shares of D.R. Horton (NYSE:DHI) in a report published on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $186.00 target price on the construction company’s stock.

DHI has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of D.R. Horton in a research report on Monday. Bank of America dropped their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada upped their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $160.15.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $5.09 during trading on Monday, hitting $163.55. The stock had a trading volume of 958,816 shares, compared to its average volume of 3,638,718. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market cap of $47.77 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.88 and a beta of 1.38. The business’s 50-day moving average is $154.06 and its 200 day moving average is $148.15.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same period in the prior year, the business posted $3.92 EPS. D.R. Horton’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is 15.53%.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares in the company, valued at $215,622.82. This represents a 45.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,376 shares of company stock valued at $5,898,848 over the last three months. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DHI. Allworth Financial LP increased its stake in shares of D.R. Horton by 56.0% in the third quarter. Allworth Financial LP now owns 8,510 shares of the construction company’s stock worth $1,442,000 after buying an additional 3,054 shares during the period. IFP Advisors Inc boosted its position in D.R. Horton by 717.7% during the 3rd quarter. IFP Advisors Inc now owns 12,348 shares of the construction company’s stock valued at $2,093,000 after buying an additional 10,838 shares during the period. Swiss Life Asset Management Ltd grew its holdings in D.R. Horton by 11.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 66,275 shares of the construction company’s stock worth $11,232,000 after acquiring an additional 7,021 shares during the last quarter. Manhattan West Asset Management LLC increased its position in shares of D.R. Horton by 5.6% in the third quarter. Manhattan West Asset Management LLC now owns 38,602 shares of the construction company’s stock valued at $6,542,000 after acquiring an additional 2,044 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of D.R. Horton by 12.5% during the third quarter. CIBC Private Wealth Group LLC now owns 7,272 shares of the construction company’s stock valued at $1,232,000 after acquiring an additional 810 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

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.