Brokerages Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $166.92

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $166.9167.

Several research analysts recently issued reports on the company. Barclays lifted their price objective on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company decreased their price target 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, August 4th.

Institutional Trading of D.R. Horton

A number of institutional investors and hedge funds have recently made changes to their positions in DHI. First Manhattan CO. LLC. increased its stake in D.R. Horton by 2.0% during the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after acquiring an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after purchasing an additional 71 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after purchasing an additional 72 shares during the period. AMG National Trust Bank increased its position in D.R. Horton by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after purchasing an additional 74 shares in the last quarter. Finally, AdvisorShares Investments LLC increased its position in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after purchasing an additional 77 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 1.6%

NYSE:DHI opened at $147.58 on Wednesday. The stock has a fifty day moving average price of $151.06 and a two-hundred day moving average price of $149.52. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. 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 earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates 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 revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.36 EPS. As a group, sell-side analysts anticipate that D.R. Horton will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 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.