D.R. Horton, Inc. Declares Quarterly Dividend of $0.40 (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, February 7th will be given a dividend of 0.40 per share by the construction company on Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, February 7th.

D.R. Horton has raised its dividend by an average of 16.4% per year over the last three years. D.R. Horton has a payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect D.R. Horton to earn $15.70 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 10.2%.

D.R. Horton Stock Performance

Shares of NYSE DHI traded up $3.31 during mid-day trading on Wednesday, hitting $147.01. The company had a trading volume of 3,825,792 shares, compared to its average volume of 3,536,983. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The business’s 50-day simple moving average is $151.09 and its 200-day simple moving average is $169.16. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The firm has a market cap of $47.17 billion, a P/E ratio of 10.24, a PEG ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm 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 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. As a group, analysts predict that D.R. Horton will post 13.97 earnings per share for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DHI shares. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.53.

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.