Truist Financial Cuts D.R. Horton (NYSE:DHI) Price Target to $140.00

D.R. Horton (NYSE:DHI) had its price objective lowered by Truist Financial from $150.00 to $140.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the construction company’s stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Citigroup restated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $165.25.

D.R. Horton Stock Performance

Shares of DHI opened at $138.16 on Wednesday. The company’s 50 day moving average price is $145.66 and its 200 day moving average price is $147.13. D.R. Horton has a 52 week low of $131.75 and a 52 week high of $176.22. The company has a market capitalization of $38.64 billion, a PE ratio of 13.15, a PEG ratio of 2.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.36 EPS. Research analysts expect that D.R. Horton will post 10.45 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in shares of D.R. Horton in the second quarter worth about $25,000. Caitlin John LLC bought a new position in shares of D.R. Horton in the second quarter worth about $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth about $26,000. Finally, Compass Financial Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth about $31,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.