D.R. Horton (NYSE:DHI) Shares Gap Up – Should You Buy?

Shares of D.R. Horton, Inc. (NYSE:DHI) gapped up prior to trading on Thursday . The stock had previously closed at $117.54, but opened at $121.42. D.R. Horton shares last traded at $120.28, with a volume of 1,136,539 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Barclays decreased their price objective on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $162.21.

D.R. Horton Trading Up 3.2 %

The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $38.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61. The company has a 50-day moving average price of $126.41 and a 200 day moving average price of $147.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the company earned $3.52 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Institutional Trading of D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of DHI. Allworth Financial LP increased its position in D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after purchasing an additional 82 shares during the last quarter. Nemes Rush Group LLC increased its holdings in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares during the last quarter. Secure Asset Management LLC raised its position in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after acquiring an additional 84 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock valued at $1,221,000 after acquiring an additional 89 shares during the last quarter. Finally, Horizon Investments LLC grew its position in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after acquiring an additional 91 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.