Analysts Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $185.87

D.R. Horton, Inc. (NYSE:DHI) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $185.87.

DHI has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th.

D.R. Horton Stock Down 0.1 %

D.R. Horton stock opened at $161.45 on Thursday. D.R. Horton has a 1-year low of $125.28 and a 1-year high of $199.85. The firm has a market capitalization of $52.61 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74. The firm’s fifty day moving average price is $181.88 and its two-hundred day moving average price is $167.23. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the business posted $4.45 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after purchasing an additional 2,474,262 shares in the last quarter. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton in the third quarter worth about $1,853,178,000. FMR LLC increased its stake in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its stake in D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after acquiring an additional 81,900 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

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.