D.R. Horton, Inc. (NYSE:DHI) Receives Average Rating of “Hold” from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been assigned an average rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $168.5385.

A number of research firms recently weighed in on DHI. UBS Group raised their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Barclays raised their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd.

D.R. Horton Price Performance

D.R. Horton stock opened at $157.69 on Friday. D.R. Horton has a 52-week low of $121.38 and a 52-week high of $184.54. The firm has a fifty day moving average of $148.16 and a 200-day moving average of $149.88. The firm has a market capitalization of $44.72 billion, a P/E ratio of 14.78, a PEG ratio of 2.14 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, analysts predict that D.R. Horton will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DHI. Western Wealth Management LLC acquired a new position in D.R. Horton during the 1st quarter valued at about $122,000. Pacer Advisors Inc. increased its stake in D.R. Horton by 21.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,464,155 shares of the construction company’s stock valued at $200,911,000 after buying an additional 259,700 shares during the period. Blue Fin Capital Inc. increased its stake in D.R. Horton by 3.6% during the 1st quarter. Blue Fin Capital Inc. now owns 15,377 shares of the construction company’s stock valued at $2,110,000 after buying an additional 538 shares during the period. Glenmede Trust Co. NA increased its stake in D.R. Horton by 6.8% during the 1st quarter. Glenmede Trust Co. NA now owns 5,803 shares of the construction company’s stock valued at $796,000 after buying an additional 368 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $1,310,000. 90.63% of the stock is currently owned by institutional investors.

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.