Shares of D.R. Horton, Inc. (NYSE:DHI – Get Free Report) have received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $163.58.
Several equities analysts recently commented on DHI shares. Truist Financial dropped their price objective on D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. Barclays raised their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a research note on Tuesday, September 22nd. Finally, Wells Fargo & Company decreased their price objective on D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Friday, September 11th.
View Our Latest Stock Report on D.R. Horton
D.R. Horton Price Performance
D.R. Horton (NYSE:DHI – Get Free Report) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the company earned $3.36 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that D.R. Horton will post 10.45 EPS for the current year.
D.R. Horton Dividend Announcement
The firm also recently announced 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.
Institutional Trading of D.R. Horton
Hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors boosted its holdings in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the period. BlackRock Inc. bought a new stake in D.R. Horton during the 2nd quarter valued at $4,067,842,000. Capital Research Global Investors raised its holdings in D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after acquiring an additional 13,155 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton during the fourth quarter worth $649,305,000. Finally, Bank of America Corp DE boosted its holdings in shares of D.R. Horton by 10.7% in the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock worth $442,766,000 after acquiring an additional 312,303 shares during the period. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Company Profile
D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.
In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.
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