Keefe, Bruyette & Woods Cuts D.R. Horton (NYSE:DHI) Price Target to $167.00

D.R. Horton (NYSE:DHI) had its price objective decreased by Keefe, Bruyette & Woods from $175.00 to $167.00 in a research note published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the construction company’s stock.

Several other equities analysts have also issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a report on Wednesday. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Barclays lifted their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. UBS Group boosted their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Truist Financial increased their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $168.17.

D.R. Horton Stock Up 3.1%

NYSE:DHI opened at $146.49 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.64 and a quick ratio of 0.97. The firm’s 50-day moving average price is $150.84 and its 200-day moving average price is $150.37. The company has a market capitalization 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 has a 1-year low of $131.75 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the company posted $3.36 EPS. D.R. Horton’s revenue was up .0% on a year-over-year basis. On average, equities analysts predict that D.R. Horton will post 10.54 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors have recently bought and sold shares of DHI. Merit Financial Group LLC increased its holdings in D.R. Horton by 25.6% in the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after acquiring an additional 3,726 shares in the last quarter. Vise Technologies Inc. lifted its holdings in D.R. Horton by 132.9% during the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after purchasing an additional 8,517 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of D.R. Horton by 25.8% in the fourth quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock worth $29,013,000 after purchasing an additional 41,249 shares during the period. Assetmark Inc. increased its stake in shares of D.R. Horton by 6.0% in the fourth quarter. Assetmark Inc. now owns 431,766 shares of the construction company’s stock worth $62,187,000 after purchasing an additional 24,508 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth $2,656,000. 90.63% of the stock is owned by institutional investors.

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.