D.R. Horton, Inc. (NYSE:DHI) Receives $157.82 Consensus PT from Brokerages

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $157.82.

DHI has been the topic of a number of analyst reports. Citigroup decreased their price objective on D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Wedbush reiterated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Royal Bank of Canada decreased their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Finally, Barclays decreased their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th.

D.R. Horton Stock Performance

Shares of DHI opened at $144.62 on Thursday. The firm has a market cap of $47.62 billion, a PE ratio of 9.84, a PEG ratio of 0.71 and a beta of 1.66. The stock’s fifty day moving average price is $151.44 and its two-hundred day moving average price is $146.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the company posted $2.73 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. D.R. Horton’s dividend payout ratio is 8.17%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,812 shares of company stock valued at $4,330,617. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently made changes to their positions in the business. Legal Advantage Investments Inc. grew its position in shares of D.R. Horton by 2.5% in the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares during the last quarter. First Hawaiian Bank grew its position in shares of D.R. Horton by 0.5% in the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after buying an additional 75 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of D.R. Horton by 2.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock worth $625,000 after buying an additional 76 shares during the last quarter. Wealthsource Partners LLC grew its position in shares of D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after buying an additional 78 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of D.R. Horton by 2.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Company Profile

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.