D.R. Horton, Inc. (NYSE:DHI) Receives $168.54 Consensus Target Price from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has earned an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $168.5385.

A number of brokerages have commented on DHI. Royal Bank Of Canada boosted their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, UBS Group increased their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd.

D.R. Horton Trading Down 1.9%

D.R. Horton stock opened at $148.68 on Tuesday. The company’s fifty day simple moving average is $150.23 and its 200-day simple moving average is $150.31. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton has a 12 month low of $129.11 and a 12 month high of $184.54. The stock has a market cap of $42.16 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.12 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the prior year, the business posted $2.58 earnings per share. D.R. Horton’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton will post 10.6 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its position in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $302,000. Brown Advisory Inc. raised its stake in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

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.