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

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $158.06.

A number of brokerages have recently weighed in on DHI. Royal Bank of Canada dropped their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research report on Friday, April 19th. Raymond James increased their price target on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. BTIG Research dropped their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Jefferies Financial Group increased their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Barclays decreased their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th.

D.R. Horton Trading Up 0.8 %

Shares of NYSE DHI opened at $145.33 on Friday. The stock’s 50 day moving average price is $151.99 and its two-hundred day moving average price is $140.33. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The stock has a market capitalization of $47.86 billion, a P/E ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced 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 business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.73 EPS. On average, analysts anticipate that D.R. Horton will post 14.28 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is currently 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,560 shares of company stock valued at $4,279,636. 1.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the stock. K.J. Harrison & Partners Inc bought a new stake in shares of D.R. Horton during the 1st quarter worth $1,646,000. BayBridge Capital Group LLC lifted its holdings in shares of D.R. Horton by 3.6% in the first quarter. BayBridge Capital Group LLC now owns 7,748 shares of the construction company’s stock valued at $1,275,000 after purchasing an additional 272 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of D.R. Horton by 4.7% in the first quarter. Pinnacle Associates Ltd. now owns 2,998 shares of the construction company’s stock valued at $493,000 after purchasing an additional 134 shares in the last quarter. Planned Solutions Inc. lifted its holdings in shares of D.R. Horton by 9.3% in the first quarter. Planned Solutions Inc. now owns 2,359 shares of the construction company’s stock valued at $388,000 after purchasing an additional 200 shares in the last quarter. Finally, Narwhal Capital Management purchased a new stake in shares of D.R. Horton in the first quarter valued at $883,000. 90.63% of the stock is 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.