D.R. Horton (NYSE:DHI) Now Covered by Melius Research

Melius Research assumed coverage on shares of D.R. Horton (NYSE:DHI) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a sell rating and a $128.00 target price on the construction company’s stock.

DHI has been the topic of a number of other research reports. Truist Financial cut their price target on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. BTIG Research restated a “buy” rating and set a $174.00 price objective on shares of D.R. Horton in a report on Tuesday, September 22nd. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Evercore set a $166.00 target price on shares of D.R. Horton in a research note on Friday, September 25th. Finally, Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a report on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $159.36.

D.R. Horton Trading Up 2.6%

NYSE DHI opened at $136.64 on Tuesday. D.R. Horton has a one year low of $131.75 and a one year high of $170.79. 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 cap of $38.22 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.90 and a beta of 1.35. The stock’s 50-day moving average is $143.48 and its 200-day moving average is $146.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the firm earned $3.36 EPS. D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend 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 currently 17.13%.

Institutional Trading of D.R. Horton

A number of institutional investors have recently made changes to their positions in DHI. Fiduciary Financial Advisors bought a new position in D.R. Horton in the second quarter valued at $25,000. Caitlin John LLC bought a new stake in D.R. Horton during the 2nd quarter worth about $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth about $26,000. Compass Financial Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth about $31,000. Finally, Bell Investment Advisors Inc bought a new position in shares of D.R. Horton in the 2nd quarter valued at about $32,000. Institutional investors own 90.63% of the company’s stock.

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.