Brokerages Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $170.93

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $170.93.

DHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th.

D.R. Horton Stock Performance

Shares of DHI opened at $129.55 on Wednesday. The company has a 50-day moving average of $134.00 and a two-hundred day moving average of $156.03. The stock has a market cap of $40.82 billion, a P/E ratio of 9.16, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. As a group, research analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Equity Partners increased its position in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. Toronto Dominion Bank raised its position in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares during the period. Pensionfund Sabic lifted its stake in shares of D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of D.R. Horton by 904.4% in the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,767 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.