D.R. Horton, Inc. (DHI) To Go Ex-Dividend on February 7th

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Friday, February 7th will be given a dividend of 0.40 per share by the construction company on Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, February 7th.

D.R. Horton has increased its dividend by an average of 16.4% per year over the last three years. D.R. Horton has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect D.R. Horton to earn $15.70 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 10.2%.

D.R. Horton Price Performance

DHI stock opened at $147.01 on Thursday. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The stock’s fifty day simple moving average is $151.09 and its 200-day simple moving average is $169.16. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $47.17 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.54 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.55%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter last year, the company earned $2.82 earnings per share. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that D.R. Horton will post 13.97 EPS for the current year.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on DHI shares. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. JMP Securities reiterated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday. BTIG Research dropped their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $174.53.

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.