D.R. Horton, Inc. (NYSE:DHI) Receives $158.31 Consensus PT from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $158.31.

Several equities analysts have recently weighed in on DHI shares. Bank of America reduced their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Citigroup reduced their price objective on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Barclays reduced their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd.

Insider Activity

In related news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction dated 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 owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in D.R. Horton in the 1st quarter worth approximately $27,000. RiverPark Advisors LLC acquired a new position in D.R. Horton in the 1st quarter worth approximately $29,000. Riverview Trust Co acquired a new position in D.R. Horton in the 1st quarter worth approximately $30,000. Oakworth Capital Inc. acquired a new position in D.R. Horton in the 4th quarter worth approximately $38,000. Finally, Private Wealth Management Group LLC acquired a new position in D.R. Horton in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.7 %

DHI opened at $139.40 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company’s 50-day moving average is $145.92 and its 200 day moving average is $148.29. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The firm has a market capitalization of $45.91 billion, a P/E ratio of 9.49, a PEG ratio of 0.71 and a beta of 1.68.

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, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.73 earnings per share. Research analysts expect that D.R. Horton will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

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.