D.R. Horton, Inc. (DHI) To Go Ex-Dividend on November 12th

D.R. Horton, Inc. (NYSE:DHI) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share by the construction company on Thursday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. This is a 11.1% increase from D.R. Horton’s previous quarterly dividend of $0.45.

D.R. Horton has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect D.R. Horton to earn $13.26 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 15.1%.

D.R. Horton Stock Down 0.4%

DHI stock opened at $145.93 on Friday. 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 0.26, a current ratio of 6.01 and a quick ratio of 1.04. The stock has a market capitalization of $40.82 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.28 and a beta of 1.35. The business’s fifty day moving average price is $140.76 and its two-hundred day moving average price is $147.70.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same period in the previous year, the firm posted $3.04 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton will post 11.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $174.00 price target (down from $184.00) on shares of D.R. Horton in a research report on Tuesday, September 22nd. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. Truist Financial reduced their target price on D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Royal Bank Of Canada cut their price objective on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating for the company in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $160.00 to $152.00 in a report on Thursday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $152.60.

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.