Shares of D.R. Horton, Inc. (NYSE:DHI – Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $147.51 and traded as low as $146.40. D.R. Horton shares last traded at $147.2340, with a volume of 3,342,717 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on DHI shares. Raymond James Financial downgraded shares of D.R. Horton from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 3rd. BTIG Research reaffirmed a “buy” rating and set a $174.00 target price (down from $184.00) on shares of D.R. Horton in a report on Tuesday, September 22nd. Bank of America decreased their price target on D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Barclays reduced their target price on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Finally, Morgan Stanley dropped their price target on shares of D.R. Horton from $151.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 3rd. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $151.33.
View Our Latest Analysis on D.R. Horton
D.R. Horton Price Performance
The business’s fifty day simple moving average is $141.58 and its 200 day simple moving average is $147.51. The firm has a market capitalization of $41.18 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.75 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95.
D.R. Horton (NYSE:DHI – Get Free Report) last issued its earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 10.48 EPS for the current year.
D.R. Horton Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, November 12th. This represents a $2.00 annualized dividend and a yield of 1.4%. D.R. Horton’s dividend payout ratio (DPR) is 17.75%.
Institutional Investors Weigh In On D.R. Horton
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in D.R. Horton during the second quarter worth $4,067,842,000. Bank of America Corp DE bought a new stake in shares of D.R. Horton during the 2nd quarter worth $477,358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of D.R. Horton by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock worth $472,969,000 after buying an additional 122,434 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in D.R. Horton by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after buying an additional 21,514 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in D.R. Horton by 2.3% in the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock valued at $295,789,000 after acquiring an additional 48,723 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.
D.R. Horton Company Profile
D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.
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