D.R. Horton, Inc. (NYSE:DHI) Given Average Rating of “Hold” by Brokerages

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $159.9333.

DHI has been the topic of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Citigroup lowered their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Bank of America set a $158.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Finally, Truist Financial set a $155.00 target price on D.R. Horton and gave the stock a “hold” rating in a report on Tuesday, March 3rd.

D.R. Horton Stock Up 1.2%

DHI stock opened at $139.93 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The stock has a market capitalization of $40.54 billion, a P/E ratio of 12.71, a P/E/G ratio of 2.15 and a beta of 1.44. D.R. Horton has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The business has a 50-day moving average of $150.36 and a 200-day moving average of $152.95.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Winnow Wealth LLC acquired a new position in shares of D.R. Horton in the third quarter valued at $960,000. Nordea Investment Management AB lifted its stake in shares of D.R. Horton by 41.5% during the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after buying an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth about $946,000. Berkshire Hathaway Inc acquired a new position in D.R. Horton in the 2nd quarter valued at about $191,491,000. Finally, Mediolanum International Funds Ltd raised its holdings in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.