D.R. Horton, Inc. (NYSE:DHI) Receives $158.31 Consensus Price Target from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $158.31.

A number of brokerages have recently commented on DHI. Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Citigroup dropped their target price on D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, May 17th. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Wedbush reissued an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, Bank of America decreased their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. Norges Bank purchased a new stake in D.R. Horton during the fourth quarter valued at approximately $516,530,000. Vanguard Group Inc. increased its holdings in D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after buying an additional 2,474,262 shares during the last quarter. Long Pond Capital LP increased its holdings in D.R. Horton by 438.6% during the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock valued at $108,564,000 after buying an additional 537,276 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after buying an additional 525,705 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after buying an additional 484,058 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI stock opened at $142.39 on Monday. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a market cap of $46.89 billion, a P/E ratio of 9.69, a PEG ratio of 0.70 and a beta of 1.68. The firm has a 50-day moving average of $145.54 and a 200 day moving average of $148.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the firm earned $2.73 earnings per share. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.