D.R. Horton, Inc. (NYSE:DHI) Given Average Recommendation of “Hold” by Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $159.9333.

Several brokerages recently issued reports on DHI. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Argus boosted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Barclays lowered their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Finally, Citigroup dropped their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th.

D.R. Horton Trading Down 1.3%

NYSE DHI opened at $134.24 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton has a one year low of $110.44 and a one year high of $184.54. The company has a 50-day simple moving average of $151.87 and a 200-day simple moving average of $153.93. The firm has a market capitalization of $38.89 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last issued its 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. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the company posted $2.61 earnings per share. D.R. Horton’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s payout ratio is presently 16.35%.

Insiders Place Their Bets

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently modified their holdings of the stock. Concord Wealth Partners purchased a new stake in shares of D.R. Horton during the third quarter valued at $25,000. Core Wealth Advisors LLC purchased a new position in D.R. Horton in the 4th quarter worth about $25,000. Canton Hathaway LLC purchased a new position in D.R. Horton in the 3rd quarter worth about $26,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $26,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton during the third quarter valued at about $27,000. 90.63% of the stock is owned by institutional investors.

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.