D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of "Moderate Buy" from Analysts

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $158.31.

A number of research firms have weighed in on DHI. Royal Bank of Canada cut their price target on shares of D.R. Horton from $142.00 to $141.00 and set an "underperform" rating on the stock in a research note on Friday, April 19th. UBS Group increased their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Citigroup dropped their price objective on shares of D.R. Horton from $191.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, May 17th. Wedbush reissued an "underperform" rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, Bank of America dropped their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a "buy" rating for the company in a research report on Friday, April 19th.

D.R. Horton Trading Up 0.3 %

Shares of DHI traded up $0.48 on Monday, hitting $143.26. 1,911,258 shares of the stock traded hands, compared to its average volume of 2,469,071. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $47.18 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.71 and a beta of 1.68. The stock's 50 day moving average is $146.47 and its two-hundred day moving average is $148.30. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 earnings per share. As a group, sell-side analysts predict that D.R. Horton will post 14.26 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton's dividend payout ratio is currently 8.17%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 363 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Michael R. Buchanan sold 2,000 shares of the firm's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara K. Allen sold 363 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders sold a total of 27,363 shares of company stock valued at $4,263,541 in the last ninety days. Corporate insiders own 1.74% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Evergreen Capital Management LLC lifted its position in shares of D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company's stock worth $1,074,000 after buying an additional 3,489 shares during the last quarter. Voss Capital LLC bought a new stake in D.R. Horton in the 4th quarter valued at about $7,599,000. Handelsbanken Fonder AB lifted its position in D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company's stock valued at $14,784,000 after purchasing an additional 16,573 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company's stock valued at $10,371,000 after purchasing an additional 7,600 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in D.R. Horton by 43.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company's stock valued at $2,228,000 after purchasing an additional 6,272 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

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.