D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of “Hold” from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $159.9333.

Several research analysts recently issued reports on DHI shares. Zacks Research lowered shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Citigroup cut their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Barclays reduced their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday, January 21st.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Concord Wealth Partners acquired a new position in D.R. Horton during the 3rd quarter valued at about $25,000. Core Wealth Advisors LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in D.R. Horton in the third quarter worth $27,000. Finally, Sound Income Strategies LLC bought a new position in D.R. Horton during the fourth quarter valued at about $27,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 1.1%

NYSE DHI opened at $152.64 on Wednesday. The stock has a market capitalization of $44.22 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.38 and a beta of 1.43. The business has a 50 day simple moving average of $154.91 and a 200 day simple moving average of $157.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.61 EPS. Research analysts expect that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s payout ratio is 16.35%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.