D.R. Horton, Inc. (NYSE:DHI) Stock Has Consensus Target Price of $158.79 According to Brokerages

Key Points

• Analyst consensus is “Hold” for D.R. Horton, with 11 hold, five buy, and one sell rating. The average 12-month price target is $158.79, above the reported share price of $133.44.
• D.R. Horton’s latest quarterly results exceeded expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue versus $9.10 billion expected.
• The company pays a quarterly dividend of $0.45, equivalent to $1.80 annually and a 1.3% yield, while institutional investors own approximately 90.63% of shares.

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $158.79.

A number of research analysts recently commented on DHI shares. Barclays lowered their price objective on D.R. Horton from $141.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 6th. Wells Fargo & Company dropped their target price on D.R. Horton from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Friday, September 11th. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $167.00 to $160.00 and set a "market perform" rating on the stock in a research note on Tuesday, September 22nd. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd.

D.R. Horton Stock Performance

Shares of DHI stock opened at $133.44 on Thursday. The company has a market cap of $37.32 billion, a P/E ratio of 12.70, a PEG ratio of 2.10 and a beta of 1.35. The business has a 50 day moving average of $141.93 and a two-hundred day moving average of $146.43. D.R. Horton has a 52 week low of $130.40 and a 52 week high of $170.79. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for 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 business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.36 EPS. As a group, analysts anticipate that D.R. Horton will post 10.43 EPS for the current year.

D.R. Horton Announces Dividend

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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

Institutional Trading of D.R. Horton

Several hedge funds have recently bought and sold shares of DHI. BlackRock Inc. acquired a new position in shares of D.R. Horton in the second quarter worth about $4,067,842,000. Bank of America Corp DE purchased a new position in shares of D.R. Horton in the second quarter worth approximately $477,358,000. Bank of New York Mellon Corp purchased a new position in shares of D.R. Horton in the second quarter worth approximately $294,292,000. Legal & General Group Plc acquired a new stake in shares of D.R. Horton during the second quarter valued at approximately $280,664,000. Finally, Deutsche Bank AG acquired a new stake in shares of D.R. Horton during the second quarter valued at approximately $201,077,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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