D.R. Horton, Inc. (NYSE:DHI) Receives $170.93 Average Price Target from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has received a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $170.93.

A number of analysts have recently commented on DHI shares. Wells Fargo & Company dropped their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group dropped their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, UBS Group dropped their price target 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.

D.R. Horton Stock Down 1.8 %

DHI stock opened at $128.77 on Wednesday. D.R. Horton has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The business’s 50 day moving average price is $134.42 and its two-hundred day moving average price is $157.19. 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 company has a market capitalization of $40.58 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

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, 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 firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts forecast that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of DHI. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its holdings 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 valued at $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth $38,000. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth $43,000. 90.63% of the stock is owned by institutional investors.

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.