D.R. Horton, Inc. Announces Quarterly Dividend of $0.45 (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Thursday, August 6th will be given a dividend of 0.45 per share by the construction company on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 6th.

D.R. Horton has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect D.R. Horton to earn $11.92 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 15.1%.

D.R. Horton Stock Down 0.8%

DHI traded down $1.15 on Tuesday, reaching $143.64. The company’s stock had a trading volume of 3,318,548 shares, compared to its average volume of 2,745,629. D.R. Horton has a 1 year low of $131.75 and a 1 year high of $184.54. The business’s 50 day moving average is $150.54 and its 200 day moving average is $150.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The stock has a market cap of $40.73 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last posted 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 $2.99 by $0.21. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $3.36 EPS. D.R. Horton’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton will post 10.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DHI. Citigroup lifted their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Barclays increased their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $168.62.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.