Brokerages Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $170.93

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned an average rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have given 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.

DHI has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fairtree Asset Management Pty Ltd bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $397,000. Wealth Enhancement Advisory Services LLC boosted its position in D.R. Horton by 13.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 621,285 shares of the construction company’s stock valued at $86,868,000 after acquiring an additional 73,373 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of D.R. Horton by 2.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,442 shares of the construction company’s stock worth $1,740,000 after acquiring an additional 349 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $8,874,000. Finally, TFR Capital LLC. purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $1,787,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $128.77 on Wednesday. The business’s 50-day moving average price is $134.42 and its two-hundred day moving average price is $157.19. D.R. Horton has a twelve month low of $124.23 and a twelve month high of $199.85. The stock has a market cap of $40.58 billion, a P/E ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its quarterly 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. 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 analysts’ expectations of $7.12 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 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.