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

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $168.5385.

DHI has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. UBS Group raised their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. The Goldman Sachs Group raised their price objective on 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, Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th.

D.R. Horton Stock Performance

Shares of DHI stock opened at $153.99 on Friday. The company has a market cap of $43.67 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37. The stock has a 50 day simple moving average of $146.59 and a 200-day simple moving average of $149.86. D.R. Horton has a 12-month low of $119.54 and a 12-month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 EPS. On average, equities analysts forecast that D.R. Horton will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds have recently bought and sold shares of DHI. Capital World Investors increased its position in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton during the fourth quarter worth $649,305,000. Capital International Investors purchased a new position in D.R. Horton during the third quarter worth $395,179,000. Boston Partners purchased a new position in D.R. Horton during the third quarter worth $274,784,000. Finally, Viking Global Investors LP increased its position in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.