D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

D.R. Horton, Inc. (NYSE:DHIGet Rating) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $88.08.

Several brokerages have recently commented on DHI. KeyCorp upped their target price on D.R. Horton from $84.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, November 14th. Citigroup upped their target price on D.R. Horton to $91.00 in a report on Tuesday, November 15th. Royal Bank of Canada reduced their price objective on D.R. Horton from $70.00 to $68.00 and set a “sector perform” rating for the company in a research note on Thursday, November 10th. BTIG Research cut their price target on D.R. Horton to $90.00 in a research note on Tuesday, November 15th. Finally, JPMorgan Chase & Co. raised their price target on D.R. Horton from $81.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday.

D.R. Horton Stock Performance

DHI stock opened at $84.50 on Friday. The company has a current ratio of 5.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.31. The firm has a market cap of $29.10 billion, a P/E ratio of 5.11, a P/E/G ratio of 0.91 and a beta of 1.54. D.R. Horton has a 12-month low of $59.25 and a 12-month high of $110.45. The stock’s 50 day simple moving average is $74.28 and its 200 day simple moving average is $72.74.

D.R. Horton (NYSE:DHIGet Rating) last released its quarterly earnings results on Wednesday, November 9th. The construction company reported $4.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.09 by ($0.42). D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The business had revenue of $9.64 billion during the quarter, compared to the consensus estimate of $9.97 billion. During the same period in the previous year, the company posted $3.70 EPS. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton will post 10.05 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.23. D.R. Horton’s dividend payout ratio (DPR) is 5.44%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $83.64, for a total value of $108,732.00. Following the sale, the vice president now owns 1,724 shares of the company’s stock, valued at approximately $144,195.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael R. Buchanan sold 2,167 shares of D.R. Horton stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $71.50, for a total transaction of $154,940.50. Following the sale, the director now owns 3,378 shares of the company’s stock, valued at approximately $241,527. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Aron M. Odom sold 1,300 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $83.64, for a total value of $108,732.00. Following the sale, the vice president now directly owns 1,724 shares in the company, valued at approximately $144,195.36. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Trading of D.R. Horton

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of D.R. Horton by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock worth $2,675,130,000 after purchasing an additional 406,429 shares in the last quarter. Capital World Investors lifted its position in shares of D.R. Horton by 176.2% during the 1st quarter. Capital World Investors now owns 17,819,619 shares of the construction company’s stock worth $1,327,740,000 after buying an additional 11,369,033 shares during the period. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 34.4% during the 2nd quarter. Franklin Resources Inc. now owns 6,322,186 shares of the construction company’s stock worth $418,465,000 after buying an additional 1,618,629 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of D.R. Horton by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,013,934 shares of the construction company’s stock worth $448,286,000 after buying an additional 142,659 shares during the period. Finally, Sanders Capital LLC lifted its position in shares of D.R. Horton by 1.8% during the 3rd quarter. Sanders Capital LLC now owns 5,393,514 shares of the construction company’s stock worth $363,253,000 after buying an additional 93,270 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

D.R. Horton Company Profile

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D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, and Rental. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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