D.R. Horton (NYSE:DHI) Price Target Cut to $145.00 by Analysts at Barclays

D.R. Horton (NYSE:DHI) had its price target reduced by Barclays from $150.00 to $145.00 in a research note published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. UBS Group cut their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $174.53.

D.R. Horton Trading Up 2.3 %

Shares of D.R. Horton stock opened at $147.01 on Wednesday. The company’s 50-day moving average price is $151.09 and its 200-day moving average price is $169.16. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. On average, equities analysts expect that D.R. Horton will post 13.97 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. D.R. Horton’s dividend payout ratio is 11.14%.

Insider Activity

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

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently made changes to their positions in the company. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of D.R. Horton by 152.8% in 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. Wolff Wiese Magana LLC grew its holdings in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. 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.