D.R. Horton (NYSE:DHI) Trading Down 3.1% – What’s Next?

Shares of D.R. Horton, Inc. (NYSE:DHI) fell 3.1% during trading on Friday . The company traded as low as $182.72 and last traded at $184.30. 566,170 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 2,462,759 shares. The stock had previously closed at $190.21.

Wall Street Analysts Forecast Growth

DHI has been the subject of several analyst reports. JMP Securities boosted their target price on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company boosted their target price on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Barclays boosted their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $183.33.

D.R. Horton Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm has a market capitalization of $60.80 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72. The business has a fifty day moving average of $184.83 and a two-hundred day moving average of $161.97.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the prior year, the firm posted $3.90 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is 8.17%.

D.R. Horton declared that its Board of Directors has approved a share repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth $29,000. Bfsg LLC grew its holdings in shares of 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 purchasing an additional 74 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the 1st quarter worth $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.