D.R. Horton, Inc. (NYSE:DHI) to Issue $0.40 Quarterly Dividend

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

D.R. Horton has raised its dividend payment by an average of 16.4% annually over the last three years. D.R. Horton has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. 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

Shares of D.R. Horton stock opened at $147.01 on Thursday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton has a 52 week low of $133.02 and a 52 week high of $199.85. The stock’s 50-day simple moving average is $151.09 and its 200-day simple moving average is $169.16. The company has a market capitalization of $47.17 billion, a price-to-earnings ratio of 10.39, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same period last year, the company posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that D.R. Horton will post 13.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DHI. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. UBS Group dropped their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Barclays cut their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $174.53.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

About D.R. Horton

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.