Analysts Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $158.15

D.R. Horton, Inc. (NYSE:DHI) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $161.6154.

DHI has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of D.R. Horton from $195.00 to $191.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Citigroup decreased their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. BTIG Research began coverage on D.R. Horton in a research note on Monday, December 1st. They issued a “buy” rating and a $186.00 target price for the company. Evercore ISI set a $169.00 target price on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Finally, Barclays raised their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently added to or reduced their stakes in the business. Concord Wealth Partners purchased a new position in shares of D.R. Horton during the third quarter worth about $25,000. Canton Hathaway LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton during the 3rd quarter worth $27,000. Ameriflex Group Inc. bought a new stake in shares of D.R. Horton during the 3rd quarter worth $31,000. Finally, Westfuller Advisors LLC purchased a new position in D.R. Horton in the third quarter worth $34,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 1.1%

Shares of D.R. Horton stock opened at $160.98 on Tuesday. The stock has a market capitalization of $46.86 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.91 and a beta of 1.42. D.R. Horton has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The stock’s 50-day simple moving average is $149.93 and its 200 day simple moving average is $154.20.

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

D.R. Horton Increases Dividend

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

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.