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

Shares of D.R. Horton, Inc. (NYSE:DHI) have received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $177.40.

A number of equities analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, BTIG Research cut their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds have recently bought and sold shares of DHI. Commonwealth Equity Services LLC raised its holdings in D.R. Horton by 7.0% in the second quarter. Commonwealth Equity Services LLC now owns 44,527 shares of the construction company’s stock valued at $6,275,000 after acquiring an additional 2,929 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of D.R. Horton by 15.4% during the second quarter. Farther Finance Advisors LLC now owns 2,133 shares of the construction company’s stock worth $292,000 after purchasing an additional 285 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new position in D.R. Horton in the second quarter worth about $269,000. Weaver Capital Management LLC bought a new stake in D.R. Horton in the second quarter valued at about $339,000. Finally, Foundations Investment Advisors LLC raised its stake in D.R. Horton by 10.4% during the second quarter. Foundations Investment Advisors LLC now owns 5,000 shares of the construction company’s stock valued at $705,000 after buying an additional 469 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $137.73 on Friday. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a market capitalization of $44.19 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.57 and a beta of 1.75. The stock has a fifty day moving average of $156.17 and a two-hundred day moving average of $168.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.45 EPS. On average, analysts anticipate that D.R. Horton will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

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.