D.R. Horton, Inc. (NYSE:DHI) Receives $159.93 Consensus Price Target from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been assigned an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $159.9333.

Several analysts have recently weighed in on DHI shares. UBS Group restated a “buy” rating on shares of D.R. Horton in a research report on Thursday, March 12th. Bank of America set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Citigroup lowered their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its position in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton in the second quarter worth about $302,000. American Century Companies Inc. lifted its stake in shares of D.R. Horton by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 109,601 shares of the construction company’s stock valued at $14,130,000 after acquiring an additional 13,591 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in D.R. Horton during the 2nd quarter valued at about $720,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 3.5%

DHI stock opened at $137.13 on Friday. The company’s 50 day moving average is $151.08 and its 200 day moving average is $153.15. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton has a 1-year low of $110.44 and a 1-year high of $184.54.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders 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 yield of 1.3%. D.R. Horton’s dividend payout ratio is currently 16.35%.

D.R. Horton Company Profile

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.