D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on D.R. Horton, with 10 hold ratings and five buy ratings among 15 firms. The average 12-month price target is $165.25, while several analysts recently adjusted or reiterated neutral ratings.
• D.R. Horton reported quarterly EPS of $3.20, beating estimates of $3.02, and revenue of $9.23 billion, ahead of the $9.10 billion consensus forecast. Analysts expect full-year EPS of approximately $10.45.
• The company pays a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and a 1.3% yield. Institutional investors own 90.63% of the stock, and several funds increased their positions recently.

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen research firms that are covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $165.25.

Several research analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of D.R. Horton from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd.

D.R. Horton Stock Performance

NYSE DHI opened at $138.16 on Friday. D.R. Horton has a 52-week low of $131.75 and a 52-week high of $176.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a market capitalization of $38.64 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.19 and a beta of 1.37. The company's fifty day moving average is $145.66 and its two-hundred day moving average is $147.13.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.36 EPS. Equities research analysts forecast that D.R. Horton will post 10.45 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton's payout ratio is currently 17.13%.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently modified their holdings of the business. Reynders McVeigh Capital Management LLC raised its position in D.R. Horton by 9.7% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 1,966 shares of the construction company's stock valued at $320,000 after buying an additional 174 shares during the last quarter. Rench Wealth Management Inc. increased its position in shares of D.R. Horton by 5.7% during the 2nd quarter. Rench Wealth Management Inc. now owns 22,353 shares of the construction company's stock worth $3,641,000 after purchasing an additional 1,196 shares during the last quarter. Tidal Investments LLC raised its stake in shares of D.R. Horton by 18.9% during the 2nd quarter. Tidal Investments LLC now owns 77,024 shares of the construction company's stock worth $12,546,000 after purchasing an additional 12,228 shares in the last quarter. Van Hulzen Asset Management LLC raised its position in D.R. Horton by 80.8% during the second quarter. Van Hulzen Asset Management LLC now owns 8,952 shares of the construction company's stock worth $1,458,000 after acquiring an additional 4,000 shares in the last quarter. Finally, National Pension Service lifted its stake in D.R. Horton by 1.8% in the 2nd quarter. National Pension Service now owns 548,363 shares of the construction company's stock valued at $89,317,000 after purchasing an additional 9,944 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.

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