Brokerages Set D.R. Horton, Inc. (NYSE:DHI) Price Target at $183.33

D.R. Horton, Inc. (NYSE:DHI) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $183.33.

A number of equities analysts recently commented on DHI shares. Royal Bank of Canada increased their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Evercore ISI lifted their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th.

D.R. Horton Trading Up 1.2 %

Shares of NYSE DHI opened at $190.33 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $199.85. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.89 and a beta of 1.73. The business has a fifty day simple moving average of $183.02 and a 200-day simple moving average of $160.38.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period in the prior year, the firm earned $3.90 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that D.R. Horton will post 14.03 EPS for the current year.

D.R. Horton declared that its Board of Directors has approved a share repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s payout ratio is presently 8.17%.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently modified their holdings of the stock. Bfsg LLC grew its stake in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of D.R. Horton during the first quarter worth $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at $29,000. Riverview Trust Co acquired a new stake in D.R. Horton in the first quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in D.R. Horton during the 2nd quarter valued at about $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.