D.R. Horton, Inc. (NYSE:DHI) Receives Average Rating of “Hold” from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $170.93.

DHI has been the topic of a number of research analyst reports. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th.

D.R. Horton Stock Down 2.1 %

DHI stock opened at $125.92 on Friday. The stock has a market capitalization of $39.68 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton has a one year low of $124.23 and a one year high of $199.85. The company has a 50 day moving average price of $139.42 and a two-hundred day moving average price of $164.71.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 EPS. As a group, sell-side analysts expect that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.27%. D.R. Horton’s payout ratio is currently 11.31%.

Hedge Funds Weigh In On D.R. Horton

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Equity Partners boosted its position in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after buying an additional 3,171 shares during the last quarter. KBC Group NV boosted its position in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new position in D.R. Horton in the 3rd quarter valued at about $4,220,000. Toronto Dominion Bank boosted its position in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after buying an additional 15,460 shares during the last quarter. Finally, Pensionfund Sabic boosted its position in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other 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.