Analysts Set D.R. Horton, Inc. (NYSE:DHI) PT at $182.07

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $182.07.

A number of brokerages have issued reports on DHI. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Barclays raised their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Evercore ISI upped their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th.

D.R. Horton Trading Up 1.3 %

Shares of DHI stock opened at $186.19 on Friday. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $193.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm has a market capitalization of $61.31 billion, a PE ratio of 12.67, a PEG ratio of 0.87 and a beta of 1.73. The stock has a fifty day simple moving average of $170.26 and a two-hundred day simple moving average of $156.25.

D.R. Horton (NYSE:DHI) last posted its quarterly 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 return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the previous year, the firm earned $3.90 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

D.R. Horton announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds have recently added to or reduced their stakes in DHI. Concurrent Investment Advisors LLC bought a new position in D.R. Horton in the first quarter worth approximately $1,249,000. Vinva Investment Management Ltd increased its stake in shares of D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock valued at $12,537,000 after buying an additional 30,186 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of D.R. Horton by 85.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock valued at $5,787,000 after acquiring an additional 16,252 shares in the last quarter. Alaska Permanent Fund Corp lifted its stake in D.R. Horton by 312.0% in the first quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock worth $1,934,000 after acquiring an additional 8,902 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in D.R. Horton by 24.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock worth $4,978,000 after acquiring an additional 6,429 shares in the last quarter. 90.63% of the stock is currently owned by 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.