D.R. Horton, Inc. (NYSE:DHI) Receives $185.87 Average Price Target from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $185.87.

Several research firms have recently issued reports on DHI. JPMorgan Chase & Co. upped their price target on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company decreased their price target 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. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Finally, BTIG Research decreased their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in D.R. Horton by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after buying an additional 2,474,262 shares during the last quarter. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth $1,853,178,000. FMR LLC boosted its position in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Finally, Greenhaven Associates Inc. boosted its position in shares of D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after purchasing an additional 81,900 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 0.5 %

Shares of DHI stock opened at $163.13 on Thursday. D.R. Horton has a 1 year low of $125.28 and a 1 year high of $199.85. The stock has a market cap of $53.15 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.58 and a beta of 1.74. The business’s fifty day moving average is $180.93 and its 200-day moving average is $167.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business posted $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts expect that D.R. Horton will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

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.