D. R. Horton Inc (NYSE:DHI) has been given an average recommendation of “Buy” by the nineteen brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $51.56.
A number of brokerages recently issued reports on DHI. ValuEngine lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Credit Suisse Group set a $55.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, April 26th. Barclays upgraded shares of D. R. Horton from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research note on Monday, March 26th. Wedbush restated an “outperform” rating and issued a $50.00 price target on shares of D. R. Horton in a research note on Friday, March 23rd. Finally, Mizuho restated a “hold” rating and issued a $47.00 price target on shares of D. R. Horton in a research note on Thursday, March 22nd.
A number of hedge funds have recently added to or reduced their stakes in DHI. Suntrust Banks Inc. boosted its holdings in shares of D. R. Horton by 42.5% during the first quarter. Suntrust Banks Inc. now owns 8,759 shares of the construction company’s stock valued at $383,000 after acquiring an additional 2,611 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of D. R. Horton by 51.9% during the first quarter. Allianz Asset Management GmbH now owns 3,650,088 shares of the construction company’s stock valued at $160,020,000 after acquiring an additional 1,246,363 shares during the period. Amalgamated Bank boosted its holdings in shares of D. R. Horton by 5.5% during the first quarter. Amalgamated Bank now owns 46,580 shares of the construction company’s stock valued at $2,042,000 after acquiring an additional 2,447 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of D. R. Horton by 0.5% during the first quarter. Principal Financial Group Inc. now owns 570,758 shares of the construction company’s stock valued at $25,022,000 after acquiring an additional 2,776 shares during the period. Finally, Gyroscope Capital Management Group LLC acquired a new position in shares of D. R. Horton during the first quarter valued at $342,000. Hedge funds and other institutional investors own 82.82% of the company’s stock.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. D. R. Horton had a net margin of 7.58% and a return on equity of 15.83%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. equities research analysts forecast that D. R. Horton will post 3.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.50 annualized dividend and a yield of 1.16%. D. R. Horton’s payout ratio is 18.25%.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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