D.R. Horton’s (DHI) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of D.R. Horton (NYSE:DHI) in a report released on Wednesday morning,Benzinga reports. JMP Securities currently has a $210.00 target price on the construction company’s stock.

Several other research firms have also recently weighed in on DHI. Wedbush reaffirmed a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Stock Down 1.6 %

Shares of DHI stock opened at $142.98 on Wednesday. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The company’s fifty day moving average price is $150.44 and its 200-day moving average price is $168.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $2.82 earnings per share. Sell-side analysts expect that D.R. Horton will post 13.87 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.12%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Insider Buying and Selling at D.R. Horton

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 value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently modified their holdings of the business. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in 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 valued at $40,000 after acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted its position in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other 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.