D.R. Horton (NYSE:DHI) Shares Gap Up – What’s Next?

D.R. Horton, Inc. (NYSE:DHI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $117.54, but opened at $121.42. D.R. Horton shares last traded at $120.28, with a volume of 1,136,539 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DHI shares. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. The Goldman Sachs Group cut their price objective on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $162.21.

D.R. Horton Stock Up 3.2 %

The stock has a fifty day moving average of $126.41 and a two-hundred day moving average of $147.27. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $38.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the prior year, the business posted $3.52 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.32%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the stock. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth about $38,000. Rosenberg Matthew Hamilton boosted its stake in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.