Analysts Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $179.60

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $179.60.

A number of research firms recently commented on DHI. Royal Bank of Canada cut their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Citigroup dropped their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. UBS Group decreased their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Barclays reiterated an “equal weight” rating and set a $170.00 price target (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th.

D.R. Horton Stock Performance

NYSE:DHI opened at $139.89 on Friday. The stock’s 50-day moving average is $157.58 and its 200-day moving average is $168.70. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock has a market cap of $44.88 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm earned $4.45 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. D.R. Horton’s payout ratio is presently 11.14%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Legacy CG LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at $4,220,000. Toronto Dominion Bank raised its stake in shares of D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares during the last quarter. Finally, Schear Investment Advisers LLC purchased a new stake in D.R. Horton during the third quarter worth about $1,308,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Company Profile

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.