D.R. Horton, Inc. (NYSE:DHI) Receives Average Rating of “Hold” from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have received an average recommendation of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $168.5385.

A number of analysts have recently commented on DHI shares. Truist Financial boosted their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. The Goldman Sachs Group boosted their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th.

Institutional Trading of D.R. Horton

Large investors have recently made changes to their positions in the company. Merit Financial Group LLC grew its holdings in D.R. Horton by 25.6% in the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock valued at $2,635,000 after buying an additional 3,726 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $960,000. Nordea Investment Management AB lifted its stake in shares of D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after purchasing an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $946,000. Finally, Mediolanum International Funds Ltd lifted its stake in shares of D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after purchasing an additional 74,266 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.1%

Shares of DHI stock opened at $143.88 on Monday. The stock has a 50 day moving average of $143.93 and a 200 day moving average of $149.45. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock has a market cap of $40.80 billion, a P/E ratio of 13.48, a P/E/G ratio of 2.01 and a beta of 1.41. D.R. Horton has a twelve month low of $114.17 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $2.58 earnings per share. As a group, sell-side analysts expect that D.R. Horton will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is presently 16.87%.

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.