D.R. Horton (NYSE:DHI) PT Lowered to $169.00 at BTIG Research

D.R. Horton (NYSE:DHI) had its price objective decreased by BTIG Research from $174.00 to $169.00 in a research report sent to investors on Tuesday, Benzinga reports. BTIG Research currently has a buy rating on the construction company’s stock.

Several other equities analysts have also recently commented on DHI. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. UBS Group upped their price objective on shares of D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Royal Bank of Canada lifted their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. Citigroup increased their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of Moderate Buy and a consensus target price of $154.00.

D.R. Horton Trading Up 0.1 %

Shares of DHI opened at $145.91 on Tuesday. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75. The stock has a market cap of $48.42 billion, a PE ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $151.97 and its 200-day moving average price is $138.42.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.43. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.73 EPS. On average, equities analysts forecast that D.R. Horton will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio is 8.63%.

Insider Activity at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock worth $4,225,745 in the last three months. 1.74% of the stock is owned by insiders.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently modified their holdings of DHI. Rise Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth approximately $27,000. Clear Street Markets LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $28,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton during the first quarter valued at approximately $28,000. Riverview Trust Co bought a new stake in shares of D.R. Horton in the 1st quarter worth approximately $30,000. Finally, Mascoma Wealth Management LLC grew its stake in shares of D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after buying an additional 235 shares during the last quarter. Institutional investors own 90.63% 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.