D.R. Horton, Inc. (NYSE:DHI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $183.33.

A number of equities research analysts have recently issued reports on DHI shares. JMP Securities lifted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a "market outperform" rating in a research report on Friday, July 19th. Citigroup downgraded D.R. Horton from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Royal Bank of Canada raised their price target on D.R. Horton from $141.00 to $154.00 and gave the company an "underperform" rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 23rd. Finally, Bank of America raised their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DHI. Newbridge Financial Services Group Inc. lifted its holdings in shares of D.R. Horton by 105.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 675 shares of the construction company's stock valued at $95,000 after purchasing an additional 346 shares in the last quarter. Heritage Wealth Management Inc. acquired a new position in D.R. Horton during the 2nd quarter worth approximately $812,000. Sanctuary Advisors LLC bought a new position in shares of D.R. Horton during the 2nd quarter worth approximately $13,668,000. Clear Rock Advisors LLC raised its holdings in shares of D.R. Horton by 0.6% in the second quarter. Clear Rock Advisors LLC now owns 24,412 shares of the construction company's stock valued at $3,440,000 after purchasing an additional 136 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of D.R. Horton by 0.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 154,818 shares of the construction company's stock worth $21,818,000 after purchasing an additional 1,026 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

NYSE DHI traded down $5.16 on Wednesday, hitting $187.21. 2,559,820 shares of the company's stock were exchanged, compared to its average volume of 2,493,167. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The firm's 50-day moving average price is $182.13 and its two-hundred day moving average price is $160.00. The firm has a market cap of $61.65 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.89 and a beta of 1.73. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $199.85.

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

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. D.R. Horton's dividend payout ratio is 8.17%.

D.R. Horton announced that its board has approved a stock buyback plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.