D.R. Horton (NYSE:DHI) PT Lowered to $168.00

D.R. Horton (NYSE:DHI) had its price target trimmed by Bank of America from $182.00 to $168.00 in a report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other brokerages have also commented on DHI. BTIG Research cut their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a buy rating on the stock in a research report on Tuesday. Raymond James upped their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a research report on Thursday, January 11th. UBS Group upped their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a buy rating in a research report on Friday. Finally, Citigroup increased their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $158.06.

D.R. Horton Stock Down 2.5 %

D.R. Horton stock opened at $142.19 on Friday. The company has a 50 day moving average of $151.91 and a 200-day moving average of $138.67. The company has a quick ratio of 1.20, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $47.18 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.73 earnings per share. On average, equities research analysts anticipate that D.R. Horton will post 14.23 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,197 shares of company stock worth $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Evergreen Capital Management LLC lifted its holdings in shares of D.R. Horton by 53.7% in the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after acquiring an additional 3,489 shares during the last quarter. Voss Capital LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $7,599,000. Los Angeles Capital Management LLC lifted its holdings in shares of D.R. Horton by 390.6% in the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after acquiring an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC bought a new position in D.R. Horton in the 3rd quarter valued at approximately $218,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after buying an additional 7,600 shares during the last quarter. 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.