Analysts Set D.R. Horton, Inc. (NYSE:DHI) PT at $185.87

D.R. Horton, Inc. (NYSE:DHI) has received an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $185.87.

Several brokerages have recently issued reports on DHI. Bank of America upped their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group reduced their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th.

D.R. Horton Stock Up 0.5 %

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

D.R. Horton (NYSE:DHI) last posted its 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). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $4.45 EPS. Analysts predict that D.R. Horton will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. 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 dividend payout ratio (DPR) is 11.14%.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently bought and sold shares of the business. Coastline Trust Co bought a new position in D.R. Horton during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.