D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by Defense World Staff on Jun 8th, 2023

Shares of D.R. Horton, Inc. (NYSE:DHI – Get Rating) have been assigned a consensus rating of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $113.89.

Several brokerages have recently issued reports on DHI. StockNews.com began coverage on shares of D.R. Horton in a research report on Thursday, May 18th. They set a “hold” rating for the company. UBS Group lifted their price objective on shares of D.R. Horton from $122.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, April 21st. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of D.R. Horton in a research report on Tuesday, April 25th. Citigroup raised their target price on shares of D.R. Horton from $115.00 to $124.00 in a research note on Friday, April 21st. Finally, Barclays lifted their price objective on shares of D.R. Horton from $131.00 to $138.00 in a research note on Wednesday, May 24th.

Insider Activity

In other news, COO Paul J. Romanowski sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $112.16, for a total transaction of $4,486,400.00. Following the completion of the transaction, the chief operating officer now directly owns 84,268 shares in the company, valued at approximately $9,451,498.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $96.00, for a total transaction of $43,104.00. Following the transaction, the director now owns 5,650 shares in the company, valued at $542,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Paul J. Romanowski sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $112.16, for a total value of $4,486,400.00. Following the completion of the sale, the chief operating officer now directly owns 84,268 shares of the company’s stock, valued at approximately $9,451,498.88. The disclosure for this sale can be found here. Insiders sold 94,652 shares of company stock valued at $10,500,466 in the last quarter. 0.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Clear Street Markets LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $28,000. Fairfield Bush & CO. purchased a new stake in D.R. Horton in the 1st quarter valued at $28,000. Geneos Wealth Management Inc. grew its holdings in D.R. Horton by 117.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 352 shares of the construction company’s stock valued at $31,000 after buying an additional 190 shares in the last quarter. WealthPLAN Partners LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at $31,000. Finally, Concord Wealth Partners acquired a new position in shares of D.R. Horton in the 4th quarter valued at $32,000. 84.87% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE DHI opened at $113.95 on Thursday. The company has a quick ratio of 1.27, a current ratio of 6.80 and a debt-to-equity ratio of 0.28. The stock has a market cap of $38.86 billion, a P/E ratio of 7.68, a PEG ratio of 0.64 and a beta of 1.53. D.R. Horton has a twelve month low of $59.25 and a twelve month high of $116.26. The company’s 50-day simple moving average is $105.71 and its 200 day simple moving average is $97.08.

D.R. Horton (NYSE:DHI – Get Rating) last announced its earnings results on Thursday, April 20th. The construction company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.83. D.R. Horton had a net margin of 15.39% and a return on equity of 25.94%. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $6.48 billion. During the same period in the prior year, the business earned $4.03 earnings per share. D.R. Horton’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts forecast that D.R. Horton will post 11.25 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, May 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Tuesday, May 2nd. D.R. Horton’s payout ratio is currently 6.74%.

D.R. Horton Company Profile

(Get Rating)

D.R. Horton, Inc is a homebuilding company, which engages in the construction and sale of single-family housing. It operates through the following geographical segments: Northwest, Southwest, South Central, Southeast, East, and North. The Northwest segment includes Colorado, Oregon, Utah, and Washington.

Analyst Recommendations for D.R. Horton (NYSE:DHI)

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