D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Recommendation of “Hold” from Analysts

D.R. Horton, Inc. (NYSE:DHI) has been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $166.9167.

DHI has been the topic of several recent research reports. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut 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. Wells Fargo & Company reduced their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. Capital World Investors grew its holdings in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after acquiring an additional 6,695,592 shares during the last quarter. BlackRock Inc. bought a new position in shares of D.R. Horton during the second quarter valued at about $4,067,842,000. Capital Research Global Investors boosted its holdings in shares of D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after purchasing an additional 13,155 shares during the period. Norges Bank bought a new stake in shares of D.R. Horton in the fourth quarter worth about $649,305,000. Finally, Morgan Stanley grew its stake in shares of D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after purchasing an additional 67,578 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 3.3%

Shares of DHI opened at $150.80 on Friday. The firm has a market cap of $42.18 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.32 and a beta of 1.37. The stock has a 50 day simple moving average of $151.78 and a two-hundred day simple moving average of $150.02. 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 has a 1 year low of $131.75 and a 1 year high of $184.54.

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, beating analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $3.36 earnings per share. On average, analysts forecast that D.R. Horton will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be given a $0.45 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is presently 17.13%.

About D.R. Horton

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.