Citigroup Cuts D.R. Horton (NYSE:DHI) Price Target to $152.00

D.R. Horton (NYSE:DHI) had its price target reduced by Citigroup from $185.00 to $152.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research report on Tuesday, October 15th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Bank of America increased their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $176.67.

D.R. Horton Stock Performance

DHI opened at $139.97 on Monday. The firm’s 50-day moving average price is $155.58 and its 200-day moving average price is $168.66. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. 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 company has a market cap of $44.91 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm earned $4.45 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that D.R. Horton will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. D.R. Horton’s payout ratio is 11.14%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently made changes to their positions in the stock. KBC Group NV lifted its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Legacy CG LLC acquired a new position in shares of D.R. Horton during the third quarter worth $4,220,000. Toronto Dominion Bank raised its stake in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after buying an additional 15,460 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after buying an additional 36,780 shares in the last quarter. Finally, Pensionfund Sabic grew its position in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other 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.