D.R. Horton, Inc. (NYSE:DHI) Stock Has Consensus Price Target of $165.25

D.R. Horton, Inc. (NYSE:DHI) has received an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $163.83.

DHI has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a report on Tuesday. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, Truist Financial decreased their price target on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, September 16th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in D.R. Horton by 4.8% during the 2nd quarter. QRG Capital Management Inc. now owns 106,695 shares of the construction company’s stock valued at $17,378,000 after purchasing an additional 4,839 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of D.R. Horton by 3.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,843 shares of the construction company’s stock worth $1,277,000 after purchasing an additional 249 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its stake in shares of D.R. Horton by 9.7% in the second quarter. Reynders McVeigh Capital Management LLC now owns 1,966 shares of the construction company’s stock valued at $320,000 after buying an additional 174 shares in the last quarter. Rench Wealth Management Inc. raised its holdings in shares of D.R. Horton by 5.7% in the second quarter. Rench Wealth Management Inc. now owns 22,353 shares of the construction company’s stock valued at $3,641,000 after buying an additional 1,196 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in D.R. Horton by 18.9% during the 2nd quarter. Tidal Investments LLC now owns 77,024 shares of the construction company’s stock worth $12,546,000 after buying an additional 12,228 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $140.39 on Friday. D.R. Horton has a 12 month low of $131.75 and a 12 month high of $176.22. The company has a market cap of $39.27 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.29 and a beta of 1.37. The business’s 50 day moving average is $144.86 and its two-hundred day moving average is $146.81. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $3.36 earnings per share. On average, equities analysts expect that D.R. Horton will post 10.45 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

About D.R. Horton

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.