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

Shares of D.R. Horton, Inc. (NYSE:DHI) have received a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $185.87.

Several research firms have recently commented on DHI. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Citigroup reduced their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DHI. Entropy Technologies LP acquired a new position in D.R. Horton during the 1st quarter valued at $1,193,000. Beacon Investment Advisory Services Inc. bought a new stake in shares of D.R. Horton in the first quarter valued at about $288,000. Blair William & Co. IL increased its stake in D.R. Horton by 0.6% during the first quarter. Blair William & Co. IL now owns 37,310 shares of the construction company’s stock valued at $6,139,000 after acquiring an additional 230 shares during the period. Orion Portfolio Solutions LLC raised its holdings in D.R. Horton by 9.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 26,461 shares of the construction company’s stock valued at $4,354,000 after acquiring an additional 2,237 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of D.R. Horton in the 1st quarter worth approximately $280,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $161.61 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton has a 12 month low of $125.28 and a 12 month high of $199.85. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The stock’s 50-day moving average is $182.40 and its 200-day moving average is $166.77.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $4.45 EPS. Equities analysts anticipate that D.R. Horton will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

About D.R. Horton

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.