D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $95.12.

DHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of D.R. Horton from $100.00 to $82.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. TheStreet cut shares of D.R. Horton from a “b” rating to a “c+” rating in a research note on Tuesday, April 26th. Credit Suisse Group initiated coverage on shares of D.R. Horton in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $89.00 price target on the stock. UBS Group decreased their price target on shares of D.R. Horton from $151.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Finally, Citigroup decreased their price target on shares of D.R. Horton from $89.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday.

In related news, Director Michael W. Hewatt sold 1,948 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total transaction of $132,405.56. Following the transaction, the director now directly owns 5,067 shares in the company, valued at approximately $344,403.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton in the 1st quarter worth approximately $28,000. GPS Wealth Strategies Group LLC lifted its position in shares of D.R. Horton by 300.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of D.R. Horton in the 1st quarter worth approximately $30,000. MCF Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth approximately $32,000. Finally, Larson Financial Group LLC lifted its position in shares of D.R. Horton by 65.4% in the 4th quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock worth $34,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 81.27% of the company’s stock.

Shares of DHI stock opened at $64.08 on Thursday. D.R. Horton has a 1 year low of $59.25 and a 1 year high of $110.45. The firm has a fifty day moving average price of $70.14 and a 200-day moving average price of $82.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.95 and a quick ratio of 0.98. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 0.42 and a beta of 1.58.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The construction company reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.66. D.R. Horton had a net margin of 16.53% and a return on equity of 32.22%. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. Equities research analysts expect that D.R. Horton will post 17.39 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 18th. Investors of record on Monday, May 9th were issued a dividend of $0.225 per share. The ex-dividend date was Friday, May 6th. This represents a $0.90 annualized dividend and a yield of 1.40%. D.R. Horton’s payout ratio is 6.45%.

D.R. Horton Company Profile (Get Rating)

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 31 states and 98 markets under the names of D.R.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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