D.R. Horton, Inc. (NYSE:DHI) Receives $159.93 Consensus Target Price from Analysts

D.R. Horton, Inc. (NYSE:DHI) has received a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $159.9333.

A number of equities research analysts have weighed in on the stock. Argus lifted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Evercore increased their price target on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th.

D.R. Horton Trading Down 1.6%

NYSE:DHI opened at $145.27 on Wednesday. The stock has a market cap of $42.09 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The business’s 50-day simple moving average is $155.15 and its 200 day simple moving average is $156.97. D.R. Horton has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company earned $2.61 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 16.35%.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its holdings in D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Norges Bank bought a new position in D.R. Horton during the fourth quarter valued at about $649,305,000. Capital International Investors acquired a new stake in shares of D.R. Horton in the third quarter worth about $395,179,000. Boston Partners acquired a new stake in shares of D.R. Horton in the third quarter worth about $274,784,000. Finally, Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton during the 2nd quarter worth about $191,491,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.