D.R. Horton (NYSE:DHI) Price Target Raised to $125.00

D.R. Horton (NYSE:DHI) had its price objective hoisted by Royal Bank Of Canada from $123.00 to $125.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an underperform rating on the construction company’s stock.

DHI has been the subject of several other research reports. Wells Fargo & Company raised their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, UBS Group boosted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average target price of $168.17.

D.R. Horton Stock Performance

Shares of DHI opened at $146.49 on Wednesday. D.R. Horton has a 12 month low of $131.75 and a 12 month high of $184.54. The stock has a fifty day moving average price of $150.84 and a 200-day moving average price of $150.37. The company has a current ratio of 2.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a market cap of $41.54 billion, a PE ratio of 13.94, a P/E/G ratio of 2.24 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts predict that D.R. Horton will post 10.54 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DHI. Integrated Wealth Concepts LLC lifted its stake in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. boosted its holdings in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in D.R. Horton during the second quarter valued at $302,000. Brown Advisory Inc. increased its holdings in D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after buying an additional 2,859 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.