D. R. Horton (NYSE:DHI) had its target price decreased by BTIG Research to $52.00 in a report published on Friday morning, The Fly reports. BTIG Research currently has a buy rating on the construction company’s stock.
Several other brokerages also recently weighed in on DHI. Mizuho set a $46.00 price target on D. R. Horton and gave the company a hold rating in a report on Monday, August 6th. KeyCorp set a $54.00 price target on D. R. Horton and gave the company a buy rating in a report on Friday, July 27th. Evercore ISI upgraded D. R. Horton from an in-line rating to an outperform rating in a report on Friday, July 27th. JMP Securities reduced their price target on D. R. Horton from $56.00 to $52.00 and set a market outperform rating for the company in a report on Friday, July 27th. Finally, MKM Partners reduced their price target on D. R. Horton to $52.00 and set a neutral rating for the company in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. D. R. Horton has an average rating of Hold and a consensus price target of $48.79.
Shares of NYSE:DHI traded up $0.18 on Friday, hitting $34.40. 8,794,038 shares of the company traded hands, compared to its average volume of 5,861,622. D. R. Horton has a 52 week low of $33.70 and a 52 week high of $53.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. The company has a market capitalization of $14.15 billion, a PE ratio of 8.41, a PEG ratio of 0.83 and a beta of 1.26.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the company earned $0.82 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that D. R. Horton will post 4.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.74%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. D. R. Horton’s dividend payout ratio (DPR) is presently 12.22%.
In related news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at approximately $495,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. River Wealth Advisors LLC purchased a new position in D. R. Horton in the third quarter worth about $160,000. Qube Research & Technologies Ltd boosted its position in D. R. Horton by 2,033.5% in the second quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after purchasing an additional 3,701 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in D. R. Horton in the second quarter worth about $162,000. Hollencrest Capital Management purchased a new position in D. R. Horton in the third quarter worth about $205,000. Finally, Atria Investments LLC purchased a new position in D. R. Horton in the second quarter worth about $214,000. Institutional investors own 84.11% of the company’s stock.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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