D. R. Horton Inc (NYSE:DHI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of D. R. Horton Inc (NYSE:DHI) have been given a consensus recommendation of “Hold” by the twenty-two research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $67.56.
A number of research analysts have weighed in on the stock. Seaport Global Securities boosted their target price on shares of D. R. Horton from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, July 13th. JMP Securities raised their target price on D. R. Horton from $70.00 to $75.00 in a research report on Thursday, July 30th. Susquehanna Bancshares downgraded D. R. Horton from a “positive” rating to a “neutral” rating and increased their price target for the stock from $55.00 to $62.00 in a research note on Tuesday, July 21st. Credit Suisse Group increased their target price on shares of D. R. Horton from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Citigroup boosted their price target on shares of D. R. Horton from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.
In related news, COO Michael J. Murray sold 54,400 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.38, for a total value of $3,937,472.00. Following the transaction, the chief operating officer now directly owns 139,939 shares of the company’s stock, valued at approximately $10,128,784.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $53,450. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,200 shares of company stock valued at $4,333,882. Company insiders own 6.96% of the company’s stock.
NYSE:DHI traded up $2.68 on Friday, hitting $74.45. The stock had a trading volume of 225,481 shares, compared to its average volume of 4,512,092. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.65 and a current ratio of 6.82. The stock has a market cap of $26.10 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.71. D. R. Horton has a 1 year low of $25.51 and a 1 year high of $77.45. The firm’s fifty day simple moving average is $70.55 and its two-hundred day simple moving average is $54.41.
D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 28th. The construction company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.42. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $1.26 earnings per share. D. R. Horton’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that D. R. Horton will post 5.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, August 11th. D. R. Horton’s dividend payout ratio is presently 16.32%.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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