Brokerages Set D.R. Horton, Inc. (NYSE:DHI) PT at $168.54

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $168.5385.

A number of analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Barclays raised their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, UBS Group lifted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd.

Institutional Trading of D.R. Horton

A number of hedge funds have recently added to or reduced their stakes in DHI. Capital World Investors boosted its stake in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Capital Research Global Investors boosted its position in D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton in the fourth quarter valued at about $649,305,000. Morgan Stanley raised its holdings in D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after purchasing an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of D.R. Horton by 4.5% during the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock valued at $507,441,000 after buying an additional 151,144 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $1.98 during trading on Tuesday, hitting $151.53. 1,666,626 shares of the company’s stock were exchanged, compared to its average volume of 2,132,575. The company has a market cap of $42.97 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 2.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton has a 52-week low of $129.11 and a 52-week high of $184.54. The business’s 50-day simple moving average is $150.34 and its 200 day simple moving average is $150.24.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The business’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton will post 10.6 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is currently 16.87%.

D.R. Horton Company Profile

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.