D.R. Horton (NYSE:DHI) Stock Price Up 2.4% – Here’s Why

D.R. Horton, Inc. (NYSE:DHI) was up 2.4% on Friday . The company traded as high as $123.00 and last traded at $125.25. Approximately 428,456 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 2,815,113 shares. The stock had previously closed at $122.31.

Analyst Ratings Changes

Several research firms have issued reports on DHI. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Citigroup reduced their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

The company’s fifty day simple moving average is $131.02 and its two-hundred day simple moving average is $152.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. D.R. Horton’s payout ratio is 11.31%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC grew its stake in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $30,000. Rosenberg Matthew Hamilton boosted its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $43,000. Institutional investors 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.