D.R. Horton, Inc. (NYSE:DHI) Given Average Rating of “Hold” by Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $161.0769.

Several analysts have weighed in on the company. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. BTIG Research began coverage on shares of D.R. Horton in a research report on Monday, December 1st. They issued a “buy” rating and a $186.00 price objective on the stock. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a report on Monday. Finally, UBS Group increased their price target on shares of D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th.

Institutional Trading of D.R. Horton

A number of large investors have recently made changes to their positions in DHI. Hemington Wealth Management lifted its holdings in D.R. Horton by 22.1% in the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares in the last quarter. Apella Capital LLC raised its position in shares of D.R. Horton by 0.8% in the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after buying an additional 69 shares during the last quarter. Mutual Advisors LLC lifted its stake in shares of D.R. Horton by 4.0% during the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after buying an additional 70 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of D.R. Horton by 17.8% during the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after buying an additional 71 shares during the period. Finally, Twin Capital Management Inc. boosted its position in D.R. Horton by 0.3% during the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock worth $3,008,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.6%

Shares of DHI opened at $144.47 on Friday. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $42.05 billion, a P/E ratio of 12.46, a PEG ratio of 1.73 and a beta of 1.38. The firm’s 50-day moving average is $150.93 and its two-hundred day moving average is $151.70.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. During the same period last year, the firm earned $3.92 EPS. D.R. Horton’s revenue was down 3.2% compared to the same quarter last year. On average, research analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.