Brokerages Set D.R. Horton, Inc. (NYSE:DHI) Price Target at $170.20

D.R. Horton, Inc. (NYSE:DHI) has earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $170.20.

Several brokerages have recently weighed in on DHI. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group lowered their target price on 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.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of D.R. Horton by 61.9% in the second quarter. Public Sector Pension Investment Board now owns 11,152 shares of the construction company’s stock worth $1,572,000 after purchasing an additional 4,263 shares during the period. Mackenzie Financial Corp boosted its position in shares of D.R. Horton by 42.7% during the 2nd quarter. Mackenzie Financial Corp now owns 137,194 shares of the construction company’s stock worth $19,335,000 after acquiring an additional 41,034 shares in the last quarter. Scientech Research LLC acquired a new position in D.R. Horton during the second quarter valued at approximately $482,000. Algert Global LLC boosted its holdings in shares of D.R. Horton by 11.4% in the 2nd quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock valued at $385,000 after purchasing an additional 280 shares in the last quarter. Finally, Creative Planning increased its stake in shares of D.R. Horton by 1.8% in the 2nd quarter. Creative Planning now owns 37,322 shares of the construction company’s stock valued at $5,260,000 after purchasing an additional 670 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 2.8 %

Shares of NYSE:DHI opened at $145.94 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. The stock’s 50-day moving average is $148.99 and its 200-day moving average is $169.05. The company has a market cap of $46.82 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.56 and a beta of 1.75. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton will post 13.87 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

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.