D.R. Horton (NYSE:DHI) Given New $176.00 Price Target at Barclays

D.R. Horton (NYSE:DHI) had its price target cut by Barclays from $186.00 to $176.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other research analysts have also recently issued reports about the company. BTIG Research reduced their price objective on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research note on Tuesday. JMP Securities raised their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a research note on Wednesday, January 24th. Seaport Res Ptn cut D.R. Horton from a buy rating to a neutral rating in a research note on Monday, January 22nd. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a buy rating in a research note on Friday. Finally, Raymond James raised their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $158.06.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $142.19 on Friday. The firm has a 50 day moving average of $151.91 and a 200 day moving average of $138.67. The company has a quick ratio of 1.20, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a market capitalization of $47.18 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the company earned $2.73 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton will post 14.23 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,197 shares of company stock valued at $4,225,745. Company insiders own 1.74% of the company’s stock.

Institutional Trading of D.R. Horton

A number of institutional investors have recently made changes to their positions in the company. Legal Advantage Investments Inc. boosted its stake in shares of D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after acquiring an additional 75 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of D.R. Horton by 0.5% in the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after acquiring an additional 75 shares during the last quarter. Wealthsource Partners LLC boosted its stake in shares of D.R. Horton by 2.7% in the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after acquiring an additional 78 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after buying an additional 80 shares during 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 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.