Wells Fargo & Company Cuts D.R. Horton (NYSE:DHI) Price Target to $160.00

D.R. Horton (NYSE:DHI) had its price objective trimmed by Wells Fargo & Company from $175.00 to $160.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other brokerages have also weighed in on DHI. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays lowered their price target on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Citigroup decreased their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $165.50.

D.R. Horton Stock Performance

NYSE DHI opened at $117.64 on Monday. The stock has a market capitalization of $37.07 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.54 and a beta of 1.61. The stock has a 50-day moving average of $126.77 and a 200 day moving average of $148.24. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $2.82 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.36%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC boosted its stake in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.