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

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has been given a consensus rating of "Hold" by the sixteen research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $168.07.

Several research firms have recently issued reports on DHI. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Bank of America downgraded D.R. Horton from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Wedbush reissued a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Finally, Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently modified their holdings of the business. Golden State Equity Partners increased its holdings in shares of D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after acquiring an additional 3,171 shares during the last quarter. Pensionfund Sabic grew its position in D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after acquiring an additional 4,000 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of D.R. Horton by 10.9% during the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after buying an additional 2,767 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $713,000. Finally, Park National Corp OH increased its stake in shares of D.R. Horton by 8.9% in the fourth quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock valued at $29,756,000 after buying an additional 17,441 shares during the period. Institutional investors own 90.63% of the company's stock.

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D.R. Horton Stock Performance

NYSE:DHI traded up $1.12 during trading hours on Friday, reaching $120.90. 3,604,870 shares of the company's stock were exchanged, compared to its average volume of 2,907,675. The company has a 50-day moving average of $127.68 and a 200 day moving average of $149.14. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $38.10 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.82 earnings per share. Research analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is presently 11.31%.

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.