D. R. Horton Inc (NYSE:DHI) announced a quarterly dividend on Wednesday, July 29th, Wall Street Journal reports. Shareholders of record on Wednesday, August 12th will be paid a dividend of 0.175 per share by the construction company on Monday, August 24th. This represents a $0.70 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, August 11th.
D. R. Horton has increased its dividend payment by an average of 83.8% per year over the last three years and has raised its dividend every year for the last 8 years. D. R. Horton has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect D. R. Horton to earn $5.05 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.9%.
Shares of NYSE DHI opened at $65.73 on Thursday. The stock has a market cap of $23.90 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.25 and a quick ratio of 1.40. D. R. Horton has a 1 year low of $25.51 and a 1 year high of $70.29. The firm has a 50-day moving average of $57.72 and a 200 day moving average of $51.56.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of D. R. Horton from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Barclays increased their price target on shares of D. R. Horton from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday. They noted that the move was a valuation call. TheStreet upgraded shares of D. R. Horton from a “c+” rating to a “b-” rating in a report on Wednesday, May 20th. Raymond James cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. They noted that the move was a valuation call. Finally, Credit Suisse Group raised their price objective on shares of D. R. Horton from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and an average target price of $65.56.
In other D. R. Horton news, Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $53,450. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.96% of the company’s stock.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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