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

Shares of D.R. Horton, Inc. (NYSE:DHI) have received an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $161.0769.

DHI has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday. Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Bank of America dropped their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. BTIG Research began coverage on D.R. Horton in a research report on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, December 8th.

D.R. Horton Trading Up 1.6%

Shares of NYSE:DHI opened at $146.75 on Friday. The stock has a 50 day moving average of $150.64 and a 200 day moving average of $151.63. The company has a market cap of $42.72 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.38. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the previous year, the business posted $3.92 EPS. D.R. Horton’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s payout ratio is presently 15.53%.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the stock. SteelPeak Wealth LLC increased its holdings in shares of D.R. Horton by 65.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock worth $1,296,000 after buying an additional 3,993 shares during the last quarter. Inspire Investing LLC grew its position in D.R. Horton by 787.0% in the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after acquiring an additional 18,086 shares in the last quarter. Swedbank AB increased its stake in D.R. Horton by 22.8% during the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after acquiring an additional 97,467 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in D.R. Horton during the second quarter valued at approximately $191,491,000. Finally, Ascent Group LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $232,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Company Profile

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.