D.R. Horton, Inc. (NYSE:DHI) Given Consensus Rating of "Hold" by Brokerages

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has earned a consensus rating of "Hold" from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $179.60.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Citigroup lowered 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. Royal Bank of Canada reduced their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays reissued an "equal weight" rating and set a $170.00 price objective (down from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently bought and sold shares of the company. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC lifted its position in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton during the 3rd quarter worth approximately $72,672,000. KBC Group NV raised its stake in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after buying an additional 212,112 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of D.R. Horton by 12.3% in the 3rd quarter. Holocene Advisors LP now owns 1,513,734 shares of the construction company's stock valued at $288,775,000 after buying an additional 165,997 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 1.6 %

Shares of DHI traded up $2.25 during trading on Friday, reaching $139.89. 2,208,138 shares of the company traded hands, compared to its average volume of 2,249,119. The stock has a 50-day simple moving average of $158.37 and a 200-day simple moving average of $168.52. 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 twelve month low of $133.02 and a twelve month high of $199.85. The stock has a market cap of $44.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the firm earned $4.45 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts anticipate that D.R. Horton will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is 11.14%.

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.