D.R. Horton, Inc. (NYSE:DHI) Receives $182.07 Consensus Target Price from Brokerages

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $182.07.

A number of equities research analysts have commented on DHI shares. Barclays increased their price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada increased their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Bank of America boosted their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Wells Fargo & Company raised their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, Evercore ISI lifted their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th.

D.R. Horton Stock Up 1.3 %

Shares of NYSE DHI opened at $186.19 on Friday. The stock has a market capitalization of $61.31 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.73. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12-month low of $100.08 and a 12-month high of $193.63. The stock’s fifty day simple moving average is $170.26 and its two-hundred day simple moving average is $156.25.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the company posted $3.90 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has initiated a share repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently made changes to their positions in the business. Bfsg LLC grew its stake in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the period. Rise Advisors LLC purchased a new position in D.R. Horton during the first quarter valued at $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at about $29,000. Riverview Trust Co purchased a new stake in shares of D.R. Horton during the first quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth about $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.