D.R. Horton (NYSE:DHI) Research Coverage Started at Melius Research

Melius Research started coverage on shares of D.R. Horton (NYSE:DHI) in a report published on Tuesday morning, MarketBeat reports. The firm issued a sell rating and a $128.00 target price on the construction company’s stock.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Morgan Stanley initiated coverage on shares of D.R. Horton in a report on Thursday, October 1st. They set an “equal weight” rating and a $151.00 target price for the company. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays cut their price target on D.R. Horton from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company decreased their price objective on D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $159.36.

D.R. Horton Trading Up 1.9%

DHI stock opened at $135.81 on Tuesday. The business has a fifty day moving average price of $143.01 and a 200 day moving average price of $146.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton has a fifty-two week low of $131.75 and a fifty-two week high of $170.79. The stock has a market capitalization of $37.99 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.92 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $3.36 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that D.R. Horton will post 10.43 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s payout ratio is currently 17.13%.

Hedge Funds Weigh In On D.R. Horton

A number of large investors have recently added to or reduced their stakes in the company. Silvant Capital Management LLC acquired a new position in D.R. Horton during the second quarter worth approximately $4,828,000. Johnson Financial Group Inc. acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $6,126,000. Wealthfront Advisers LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at $14,622,000. BlackRock Inc. bought a new position in shares of D.R. Horton in the second quarter worth $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new position in D.R. Horton in the second quarter valued at about $2,219,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.