D. R. Horton Inc (NYSE:DHI) announced a quarterly dividend on Wednesday, July 29th, Wall Street Journal reports. Investors of record on Wednesday, August 12th will be paid a dividend of 0.175 per share by the construction company on Monday, August 24th. This represents a $0.70 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 11th.
D. R. Horton has increased its dividend by an average of 83.8% annually over the last three years and has raised its dividend every year for the last 8 years. D. R. Horton has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect D. R. Horton to earn $5.05 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.9%.
Shares of NYSE DHI opened at $65.73 on Thursday. The company has a market cap of $23.90 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. D. R. Horton has a 12-month low of $25.51 and a 12-month high of $70.29. The company has a current ratio of 7.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $57.72 and its 200 day simple moving average is $51.56.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 28th. The construction company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.42. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $4.99 billion. D. R. Horton had a return on equity of 18.90% and a net margin of 10.82%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. As a group, equities analysts forecast that D. R. Horton will post 4.75 earnings per share for the current fiscal year.
In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $50.81, for a total value of $93,134.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Hewatt sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $53,450. The disclosure for this sale can be found here. 6.96% of the stock is currently owned by company insiders.
DHI has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on D. R. Horton from $54.00 to $65.00 and gave the company a “sector perform” rating in a research note on Wednesday. Goldman Sachs Group lifted their target price on D. R. Horton from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. ValuEngine downgraded D. R. Horton from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. downgraded D. R. Horton from an “overweight” rating to a “neutral” rating and set a $59.00 target price on the stock. in a research note on Thursday, June 11th. Finally, KeyCorp lifted their price target on D. R. Horton from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $65.56.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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