D.R. Horton, Inc. (NYSE:DHI – Get Free Report) has been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $166.9167.
Several research firms have recently issued reports on DHI. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price target on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th.
Check Out Our Latest Research Report on DHI
D.R. Horton Stock Performance
D.R. Horton (NYSE:DHI – Get Free Report) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company earned $3.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton will post 10.46 earnings per share for the current year.
D.R. Horton Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 17.13%.
Institutional Trading of D.R. Horton
Several large investors have recently modified their holdings of DHI. Advus Financial Partners LLC acquired a new position in shares of D.R. Horton during the 2nd quarter valued at $251,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in D.R. Horton in the second quarter worth $36,430,000. California State Teachers Retirement System increased its stake in D.R. Horton by 16,313.7% in the second quarter. California State Teachers Retirement System now owns 63,843,096 shares of the construction company’s stock valued at $10,398,763,000 after purchasing an additional 63,454,134 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of D.R. Horton by 2.2% during the second quarter. Wedmont Private Capital now owns 8,296 shares of the construction company’s stock valued at $1,258,000 after purchasing an additional 180 shares during the period. Finally, HB Wealth Management LLC raised its holdings in shares of D.R. Horton by 0.8% during the second quarter. HB Wealth Management LLC now owns 19,411 shares of the construction company’s stock valued at $3,162,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
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.
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