D.R. Horton, Inc. (NYSE:DHI) Given Consensus Rating of “Moderate Buy” by Analysts

D.R. Horton, Inc. (NYSE:DHI) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $185.87.

A number of research firms have issued reports on DHI. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup dropped their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

D.R. Horton Stock Down 0.7 %

Shares of DHI stock opened at $158.51 on Monday. The stock’s 50 day simple moving average is $174.54 and its 200 day simple moving average is $168.76. D.R. Horton has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.59 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.45 EPS. As a group, research analysts predict that D.R. Horton will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is presently 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in DHI. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares during the period. Coastline Trust Co bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $26,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $31,000. Rakuten Securities Inc. boosted its position in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

About D.R. Horton

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.