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

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

DHI has been the subject of a number of other research reports. Wedbush restated an underperform rating and set a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. JMP Securities upped their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a report on Wednesday, January 24th. Raymond James upped their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $172.00 and set an outperform rating for the company in a report on Wednesday, January 24th. Finally, BTIG Research decreased their price objective on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a report on Tuesday, April 16th. Two equities 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 MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $158.06.

D.R. Horton Stock Up 0.7 %

Shares of NYSE:DHI opened at $143.12 on Friday. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The stock has a market cap of $47.49 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. The business’s 50 day moving average is $151.81 and its 200 day moving average is $139.44. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.73 earnings per share. Sell-side analysts predict that D.R. Horton will post 14.25 EPS for the current year.

D.R. Horton Announces Dividend

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

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 in the last ninety days. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. grew its position in D.R. Horton by 1.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after purchasing an additional 34,366 shares during the period. Norges Bank acquired a new stake in D.R. Horton during the 4th quarter worth about $516,530,000. Northern Trust Corp grew its position in shares of D.R. Horton by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock valued at $364,260,000 after acquiring an additional 104,453 shares during the period. Morgan Stanley grew its position in shares of D.R. Horton by 3.4% during the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after acquiring an additional 106,074 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after acquiring an additional 484,058 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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.