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

Shares of D.R. Horton, Inc. (NYSE:DHI) have received an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $176.67.

A number of brokerages have recently issued reports on DHI. Bank of America boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods downgraded 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 research note on Tuesday, December 10th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, StockNews.com lowered D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its stake in shares of D.R. Horton by 7.0% during the second quarter. Commonwealth Equity Services LLC now owns 44,527 shares of the construction company’s stock worth $6,275,000 after buying an additional 2,929 shares during the period. Farther Finance Advisors LLC lifted its position in D.R. Horton by 15.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,133 shares of the construction company’s stock worth $292,000 after acquiring an additional 285 shares during the period. Legacy Capital Wealth Partners LLC purchased a new stake in D.R. Horton during the 2nd quarter valued at about $269,000. Weaver Capital Management LLC acquired a new position in shares of D.R. Horton in the second quarter valued at about $339,000. Finally, Foundations Investment Advisors LLC raised its stake in shares of D.R. Horton by 10.4% in the second quarter. Foundations Investment Advisors LLC now owns 5,000 shares of the construction company’s stock worth $705,000 after purchasing an additional 469 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $139.97 on Friday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a market capitalization of $44.91 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.57 and a beta of 1.75. The firm’s 50-day moving average is $155.00 and its 200 day moving average is $168.46.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts predict that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

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.