D.R. Horton, Inc. (NYSE:DHI) Receives $185.87 Average Target Price from Analysts

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $185.87.

DHI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. BTIG Research reduced their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Wedbush raised D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reduced their price objective on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.74% of the stock is owned by company insiders.

Institutional Trading of D.R. Horton

Several hedge funds and other institutional investors have recently made changes to their positions in DHI. Sequoia Financial Advisors LLC lifted its holdings in shares of D.R. Horton by 18.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 67,820 shares of the construction company's stock valued at $9,558,000 after purchasing an additional 10,553 shares during the last quarter. Bank Pictet & Cie Asia Ltd. increased its position in shares of D.R. Horton by 278.7% in the 2nd quarter. Bank Pictet & Cie Asia Ltd. now owns 9,724 shares of the construction company's stock valued at $1,370,000 after acquiring an additional 7,156 shares during the period. Diversified Trust Co increased its position in shares of D.R. Horton by 26.1% in the 2nd quarter. Diversified Trust Co now owns 11,123 shares of the construction company's stock valued at $1,568,000 after acquiring an additional 2,300 shares during the period. NorthCrest Asset Manangement LLC increased its position in shares of D.R. Horton by 3.4% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 12,047 shares of the construction company's stock valued at $1,698,000 after acquiring an additional 399 shares during the period. Finally, Great Valley Advisor Group Inc. increased its position in shares of D.R. Horton by 27.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,717 shares of the construction company's stock valued at $2,356,000 after acquiring an additional 3,590 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $2.45 during trading hours on Monday, hitting $160.96. The company's stock had a trading volume of 2,764,072 shares, compared to its average volume of 2,498,570. The business has a 50 day moving average price of $173.95 and a two-hundred day moving average price of $168.88. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a market cap of $51.70 billion, a PE ratio of 11.21, a PEG ratio of 0.58 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.45 earnings per share. Analysts expect that D.R. Horton will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is currently 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.