D.R. Horton, Inc. (NYSE:DHI) Stock Has Consensus Target Price of $151.33

Key Points

• Analysts rate D.R. Horton “Hold” overall: Of 21 brokerages, 12 recommend holding, five recommend buying and four recommend selling. The average 12-month price target is $151.33.
• Latest quarterly results were mixed: EPS of $2.67 missed the $3.01 consensus estimate, while revenue of $9.37 billion exceeded expectations; revenue declined 3.2% year over year.
• The company raised its quarterly dividend from $0.45 to $0.50 per share, equivalent to $2.00 annually and a 1.3% yield.

Shares of D.R. Horton, Inc. (NYSE:DHI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $151.33.

A number of research firms recently weighed in on DHI. Melius Research assumed coverage on D.R. Horton in a research report on Tuesday, October 6th. They set a "sell" rating and a $128.00 price objective for the company. Royal Bank Of Canada dropped their target price on D.R. Horton from $119.00 to $114.00 and set an "underperform" rating on the stock in a report on Friday, October 30th. Barclays cut their target price on D.R. Horton from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Friday, October 30th. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $160.00 to $152.00 in a report on Thursday, October 22nd. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $145.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th.

D.R. Horton Price Performance

Shares of DHI opened at $152.17 on Monday. The stock has a market cap of $42.56 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01. D.R. Horton has a fifty-two week low of $130.40 and a fifty-two week high of $170.79. The firm's 50-day simple moving average is $141.20 and its two-hundred day simple moving average is $147.57.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The business had revenue of $9.37 billion for the quarter, compared to analysts' expectations of $9.07 billion. During the same quarter in the previous year, the business posted $3.04 earnings per share. D.R. Horton's revenue for the quarter was down 3.2% on a year-over-year basis. Analysts anticipate that D.R. Horton will post 10.62 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be given a dividend of $0.50 per share. This is a positive change from D.R. Horton's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.00 annualized dividend and a yield of 1.3%. D.R. Horton's payout ratio is currently 17.75%.

Institutional Trading of D.R. Horton

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Moors & Cabot Inc. lifted its position in shares of D.R. Horton by 84.6% in the third quarter. Moors & Cabot Inc. now owns 2,344 shares of the construction company's stock valued at $320,000 after acquiring an additional 1,074 shares in the last quarter. Allworth Financial LP boosted its stake in shares of D.R. Horton by 1.6% in the third quarter. Allworth Financial LP now owns 14,523 shares of the construction company's stock worth $1,985,000 after acquiring an additional 235 shares during the period. Eurizon Capital SGR S.p.A. boosted its stake in shares of D.R. Horton by 36.6% in the third quarter. Eurizon Capital SGR S.p.A. now owns 216,139 shares of the construction company's stock worth $29,571,000 after acquiring an additional 57,861 shares during the period. Werba Rubin Papier Wealth Management grew its position in shares of D.R. Horton by 5.2% during the third quarter. Werba Rubin Papier Wealth Management now owns 1,774 shares of the construction company's stock worth $242,000 after purchasing an additional 87 shares in the last quarter. Finally, R Squared Ltd grew its position in shares of D.R. Horton by 24.4% during the third quarter. R Squared Ltd now owns 2,303 shares of the construction company's stock worth $315,000 after purchasing an additional 451 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

About D.R. Horton

D.R. Horton, Inc is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States.

Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers.

The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.

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