D.R. Horton, Inc. (NYSE:DHI) Stock Has Average Target Price of $151.33

D.R. Horton, Inc. (NYSE:DHI) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $151.33.

DHI has been the topic of several recent analyst reports. Melius Research initiated coverage on shares of D.R. Horton in a research report on Tuesday, October 6th. They set a “sell” rating and a $128.00 target price on the stock. Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $160.00 to $152.00 in a report on Thursday, October 22nd. Stonex Financial upgraded D.R. Horton to a “hold” rating in a research note on Thursday, October 15th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $182.00 target price (down from $190.00) on shares of D.R. Horton in a report on Monday, October 12th.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently modified their holdings of DHI. Advisors Asset Management Inc. bought a new stake in D.R. Horton in the third quarter valued at $2,851,000. Beta Wealth Group Inc. boosted its position in shares of D.R. Horton by 7.2% during the third quarter. Beta Wealth Group Inc. now owns 4,504 shares of the construction company’s stock worth $615,000 after buying an additional 301 shares during the period. Private Wealth Asset Management LLC grew its holdings in D.R. Horton by 1,021.7% in the 3rd quarter. Private Wealth Asset Management LLC now owns 32,361 shares of the construction company’s stock worth $4,422,000 after buying an additional 29,476 shares in the last quarter. Private Advisor Group LLC increased its position in D.R. Horton by 21.2% in the 3rd quarter. Private Advisor Group LLC now owns 16,837 shares of the construction company’s stock valued at $2,301,000 after acquiring an additional 2,940 shares during the period. Finally, Focus Advisor Solutions LLC raised its stake in D.R. Horton by 20.4% during the 3rd quarter. Focus Advisor Solutions LLC now owns 9,415 shares of the construction company’s stock valued at $1,287,000 after acquiring an additional 1,596 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.6%

Shares of NYSE:DHI opened at $147.23 on Monday. D.R. Horton has a 52 week low of $130.40 and a 52 week high of $170.79. The company’s 50 day moving average is $141.58 and its two-hundred day moving average is $147.51. The company has a market cap of $41.18 billion, a PE ratio of 14.52, a P/E/G ratio of 1.75 and a beta of 1.35. The company has a current ratio of 6.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. Equities analysts predict that D.R. Horton will post 10.48 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.4%. D.R. Horton’s payout ratio is presently 17.75%.

D.R. Horton Company Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.