D.R. Horton, Inc. (NYSE:DHI) Receives $166.92 Consensus Target Price from Analysts

D.R. Horton, Inc. (NYSE:DHI) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $166.9167.

A number of research analysts have weighed in on DHI shares. BTIG Research set a $184.00 target price on D.R. Horton in a report on Wednesday, July 22nd. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Barclays upped their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd.

Hedge Funds Weigh In On D.R. Horton

A number of large investors have recently modified their holdings of the company. Caitlin John LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in D.R. Horton during the 2nd quarter worth approximately $25,000. Core Wealth Advisors LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $26,000. Finally, Bell Investment Advisors Inc bought a new stake in D.R. Horton in the second quarter valued at approximately $32,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.2%

DHI opened at $141.37 on Wednesday. D.R. Horton has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The firm has a market capitalization of $39.54 billion, a P/E ratio of 13.45, a PEG ratio of 2.30 and a beta of 1.37. The company’s 50-day moving average is $150.53 and its 200 day moving average is $149.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $3.36 earnings per share. D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts expect that D.R. Horton will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is presently 17.13%.

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.