D.R. Horton, Inc. (NYSE:DHI) Given Average Rating of "Hold" by Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI - Get Free Report) have earned an average recommendation of "Hold" from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $151.15.

Several analysts have recently weighed in on DHI shares. Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. StockNews.com downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th.

D.R. Horton Stock Performance

NYSE DHI opened at $122.80 on Thursday. The firm has a market cap of $37.72 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton has a 52-week low of $110.44 and a 52-week high of $199.85. The business's 50-day moving average price is $125.44 and its 200 day moving average price is $141.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the business posted $3.52 earnings per share. On average, equities research analysts expect that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Institutional Trading of D.R. Horton

A number of institutional investors and hedge funds have recently modified their holdings of DHI. Norges Bank acquired a new position in D.R. Horton in the fourth quarter valued at approximately $593,363,000. Allspring Global Investments Holdings LLC boosted its position in D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. Pacer Advisors Inc. grew its stake in D.R. Horton by 4,630.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after buying an additional 1,655,309 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after acquiring an additional 1,490,648 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.

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