Brokerages Set D.R. Horton, Inc. (NYSE:DHI) PT at $185.87

Shares of D.R. Horton, Inc. (NYSE:DHI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $185.87.

Several research firms have weighed in on DHI. Barclays dropped their target price on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. JMP Securities lifted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research note on Friday, July 19th. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Finally, Citigroup decreased their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th.

D.R. Horton Trading Up 1.6 %

DHI stock traded up $2.55 during mid-day trading on Thursday, hitting $163.68. 1,143,011 shares of the company were exchanged, compared to its average volume of 2,512,487. The business has a fifty day simple moving average of $183.29 and a 200-day simple moving average of $166.68. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12-month low of $125.28 and a 12-month high of $199.85. The firm has a market capitalization of $53.33 billion, a P/E ratio of 11.22, a PEG ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. On average, equities research analysts predict that D.R. Horton will post 14.92 earnings per share for the current fiscal year.

D.R. Horton announced that its Board of Directors has authorized a share repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is presently 11.14%.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently modified their holdings of DHI. Legacy CG LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $4,220,000. Bessemer Group Inc. raised its stake in D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company's stock valued at $2,444,000 after buying an additional 7,699 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in D.R. Horton by 92.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company's stock worth $68,448,000 after buying an additional 199,668 shares during the last quarter. DNB Asset Management AS grew its position in shares of D.R. Horton by 10.3% in the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company's stock worth $7,132,000 after acquiring an additional 4,723 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of D.R. Horton by 36.1% in the 1st quarter. Atria Investments Inc now owns 61,729 shares of the construction company's stock valued at $10,157,000 after acquiring an additional 16,386 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

About D.R. Horton

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.