D.R. Horton, Inc. (NYSE:DHI) Receives $170.93 Average Price Target from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $170.93.

Several research firms recently weighed in on DHI. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th.

D.R. Horton Stock Down 1.8 %

NYSE:DHI opened at $128.77 on Wednesday. D.R. Horton has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a market cap of $40.58 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The stock has a fifty day simple moving average of $134.42 and a 200-day simple moving average of $156.80. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.82 earnings per share. Analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton’s payout ratio is 11.31%.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently bought and sold shares of DHI. Nemes Rush Group LLC boosted its position in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.