D.R. Horton’s (DHI) “Neutral” Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of D.R. Horton (NYSE:DHI) in a research report released on Friday,RTT News reports. They currently have a $180.00 price target on the construction company’s stock.

Several other equities research analysts have also recently weighed in on DHI. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $176.20.

D.R. Horton Stock Up 0.8 %

Shares of DHI opened at $147.83 on Friday. The stock’s 50-day moving average price is $151.85 and its two-hundred day moving average price is $168.56. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a market capitalization of $47.43 billion, a PE ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75. 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 posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 earnings per share. On average, analysts anticipate that D.R. Horton will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. D.R. Horton’s payout ratio is presently 11.14%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DHI. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC grew its stake in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of D.R. Horton in the third quarter valued at about $72,672,000. Nordea Investment Management AB lifted its position in shares of D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV boosted its holdings in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares during 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.