D.R. Horton, Inc. (NYSE:DHI) Given Consensus Rating of “Hold” by Analysts

Shares of D.R. Horton, Inc. (NYSE:DHIGet Free Report) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $166.9167.

A number of equities analysts recently weighed in on DHI shares. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Barclays increased their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Truist Financial boosted their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd.

Read Our Latest Stock Report on DHI

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently modified their holdings of the company. Regent Peak Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth $283,000. Tema ETFs LLC increased its position in D.R. Horton by 7.3% during the second quarter. Tema ETFs LLC now owns 4,283 shares of the construction company’s stock valued at $698,000 after acquiring an additional 290 shares during the last quarter. Handelsbanken Fonder AB increased its position in D.R. Horton by 9.5% during the second quarter. Handelsbanken Fonder AB now owns 97,777 shares of the construction company’s stock valued at $15,926,000 after acquiring an additional 8,497 shares during the last quarter. Everpar Advisors LLC bought a new position in D.R. Horton in the second quarter valued at about $214,000. Finally, Chemistry Wealth Management LLC boosted its position in D.R. Horton by 3.0% in the second quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company’s stock worth $505,000 after purchasing an additional 91 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $151.63 on Friday. D.R. Horton has a 1 year low of $131.75 and a 1 year high of $184.54. The firm’s 50-day moving average is $151.72 and its 200 day moving average is $150.09. The stock has a market cap of $42.41 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHIGet Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.36 earnings per share. Sell-side analysts anticipate that D.R. Horton will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

About D.R. Horton

(Get Free Report)

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.

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

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