D.R. Horton, Inc. (NYSE:DHI) Stock Has Average Target Price of $158.79

Shares of D.R. Horton, Inc. (NYSE:DHI) have received a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $156.36.

DHI has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday. Truist Financial lowered their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a research note on Tuesday, September 22nd. BTIG Research reaffirmed a “buy” rating and set a $174.00 price target on shares of D.R. Horton in a research note on Tuesday, September 22nd. Finally, Citigroup cut their price target on shares of D.R. Horton from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its stake in shares of D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after acquiring an additional 72 shares during the last quarter. William Allan Corp boosted its holdings in D.R. Horton by 0.3% during the 3rd quarter. William Allan Corp now owns 27,548 shares of the construction company’s stock valued at $3,764,000 after acquiring an additional 77 shares during the period. Values First Advisors Inc. boosted its holdings in D.R. Horton by 1.6% during the 1st quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company’s stock valued at $707,000 after acquiring an additional 80 shares during the period. GC Wealth Management RIA LLC grew its position in D.R. Horton by 0.7% in the 1st quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company’s stock valued at $1,571,000 after acquiring an additional 81 shares during the last quarter. Finally, Chemistry Wealth Management LLC grew its position in D.R. Horton by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company’s stock valued at $505,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.2%

Shares of D.R. Horton stock opened at $139.20 on Thursday. D.R. Horton has a fifty-two week low of $130.40 and a fifty-two week high of $170.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The company has a market capitalization of $38.93 billion, a P/E ratio of 13.24, a P/E/G ratio of 2.16 and a beta of 1.35. The company has a fifty day moving average of $141.57 and a 200 day moving average of $146.42.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $3.36 earnings per share. On average, sell-side analysts anticipate that D.R. Horton will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

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.