Barclays Boosts D.R. Horton (NYSE:DHI) Price Target to $200.00

D.R. Horton (NYSE:DHI) had its price objective upped by Barclays from $168.00 to $200.00 in a report issued on Friday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other brokerages also recently commented on DHI. StockNews.com downgraded D.R. Horton from a buy rating to a hold rating in a research note on Thursday, May 23rd. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $172.00 to $178.00 and gave the stock an outperform rating in a research note on Tuesday, May 7th. Jefferies Financial Group upped their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a hold rating in a research note on Friday, April 19th. Evercore ISI upped their price objective on D.R. Horton from $191.00 to $205.00 and gave the company an outperform rating in a research note on Monday, July 15th. Finally, BTIG Research lowered 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, April 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $169.40.

D.R. Horton Stock Up 0.2 %

DHI stock opened at $173.84 on Friday. The company has a quick ratio of 1.38, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $57.25 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.71. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $177.47. The business has a 50-day simple moving average of $145.35 and a 200 day simple moving average of $148.31.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.90 earnings per share. Sell-side analysts anticipate that D.R. Horton will post 14.39 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, August 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 1st. D.R. Horton’s payout ratio is presently 8.17%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in shares of D.R. Horton by 11.9% in the 3rd quarter. American Century Companies Inc. now owns 136,067 shares of the construction company’s stock worth $14,623,000 after purchasing an additional 14,439 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of D.R. Horton by 6.2% in the 4th quarter. Raymond James Trust N.A. now owns 9,964 shares of the construction company’s stock worth $1,514,000 after purchasing an additional 582 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of D.R. Horton by 32.5% in the 4th quarter. OneAscent Financial Services LLC now owns 2,719 shares of the construction company’s stock worth $413,000 after purchasing an additional 667 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of D.R. Horton by 160.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,137 shares of the construction company’s stock worth $173,000 after purchasing an additional 700 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of D.R. Horton in the 4th quarter worth $1,812,000. 90.63% of the stock is currently owned by 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.