D.R. Horton, Inc. (NYSE:DHI) Receives $168.54 Average PT from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has earned an average rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $168.5385.

DHI has been the subject of several recent research reports. Royal Bank Of Canada raised their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Argus raised their price objective on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, UBS Group raised their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC bought a new stake in D.R. Horton in the 1st quarter worth about $1,310,000. Western Wealth Management LLC bought a new stake in D.R. Horton in the 1st quarter worth about $122,000. Bank of America Corp DE increased its holdings in D.R. Horton by 10.7% in the 1st quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock worth $442,766,000 after buying an additional 312,303 shares in the last quarter. Edgestream Partners L.P. bought a new stake in D.R. Horton in the 1st quarter worth about $7,498,000. Finally, Kentucky Retirement Systems increased its holdings in D.R. Horton by 40.3% in the 1st quarter. Kentucky Retirement Systems now owns 23,463 shares of the construction company’s stock worth $3,220,000 after buying an additional 6,745 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $143.88 on Monday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $40.80 billion, a P/E ratio of 13.48, a P/E/G ratio of 2.02 and a beta of 1.41. The business has a fifty day simple moving average of $143.93 and a two-hundred day simple moving average of $149.41. D.R. Horton has a 12 month low of $114.17 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. On average, equities analysts forecast that D.R. Horton will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is currently 16.87%.

About D.R. Horton

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.