D.R. Horton, Inc. (NYSE:DHI) Receives $183.33 Consensus Target Price from Brokerages

Shares of D.R. Horton, Inc. (NYSE:DHI) have received a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $183.33.

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price target on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Bank of America increased their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, UBS Group boosted their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th.

Institutional Trading of D.R. Horton

Several hedge funds have recently added to or reduced their stakes in the business. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the period. Rise Advisors LLC purchased a new position in D.R. Horton in the 1st quarter worth approximately $27,000. RiverPark Advisors LLC bought a new position in shares of D.R. Horton during the first quarter valued at $29,000. Riverview Trust Co bought a new position in D.R. Horton during the 1st quarter valued at about $30,000. Finally, Signature Resources Capital Management LLC purchased a new stake in D.R. Horton in the second quarter worth approximately $31,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $190.35 on Wednesday. The business’s fifty day simple moving average is $183.35 and its 200 day simple moving average is $160.72. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $199.85. The firm has a market capitalization of $62.68 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.35. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.90 earnings per share. As a group, analysts anticipate that D.R. Horton will post 14.03 EPS for the current year.

D.R. Horton declared that its Board of Directors has authorized a share buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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.