D.R. Horton (NYSE:DHI) Sets New 12-Month High at $199.40

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $199.40 and last traded at $196.27, with a volume of 54030 shares. The stock had previously closed at $194.19.

Analyst Ratings Changes

Several equities research analysts have weighed in on DHI shares. JPMorgan Chase & Co. upped their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 23rd. JMP Securities upped their target price on 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. Evercore ISI upped their target price on D.R. Horton from $191.00 to $205.00 and gave the stock an "outperform" rating in a research note on Monday, July 15th. Royal Bank of Canada upped their target price on D.R. Horton from $141.00 to $154.00 and gave the stock an "underperform" rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company upped their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average target price of $183.33.

D.R. Horton Stock Up 1.5 %

The firm has a market capitalization of $64.89 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.86 and a beta of 1.73. The stock has a fifty day moving average of $179.00 and a two-hundred day moving average of $158.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. D.R. Horton's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.90 earnings per share. Sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.61%. D.R. Horton's payout ratio is 8.17%.

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

Institutional Trading of D.R. Horton

A number of large investors have recently bought and sold shares of DHI. Vanguard Group Inc. grew its holdings in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock worth $5,735,620,000 after acquiring an additional 2,474,262 shares during the period. Assenagon Asset Management S.A. grew its holdings in D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company's stock worth $147,118,000 after acquiring an additional 987,834 shares during the period. Principal Financial Group Inc. grew its holdings in D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock worth $233,525,000 after acquiring an additional 561,337 shares during the period. Long Pond Capital LP grew its holdings in D.R. Horton by 438.6% during the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company's stock worth $108,564,000 after acquiring an additional 537,276 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in D.R. Horton by 62.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company's stock worth $207,864,000 after acquiring an additional 525,705 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.