D.R. Horton, Inc. (NYSE:DHI) to Issue Quarterly Dividend of $0.40

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.40 per share by the construction company on Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, February 7th.

D.R. Horton has increased its dividend payment by an average of 16.4% per year over the last three years. D.R. Horton has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect D.R. Horton to earn $15.70 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 10.2%.

D.R. Horton Trading Up 2.3 %

Shares of NYSE DHI traded up $3.31 during midday trading on Wednesday, hitting $147.01. The stock had a trading volume of 3,819,274 shares, compared to its average volume of 3,536,472. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a market capitalization of $47.17 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.56 and a beta of 1.75. The company has a fifty day moving average price of $151.09 and a 200 day moving average price of $169.16.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. On average, analysts predict that D.R. Horton will post 13.97 earnings per share for the current year.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DHI has been the topic of a number of recent research reports. Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Barclays reduced their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $174.53.

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.