Keefe, Bruyette & Woods Cuts D.R. Horton (NYSE:DHI) Price Target to $160.00

D.R. Horton (NYSE:DHI) had its price target reduced by Keefe, Bruyette & Woods from $167.00 to $160.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a market perform rating on the construction company’s stock.

A number of other research analysts have also recently weighed in on DHI. Barclays lifted their target price on shares of 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. Truist Financial decreased their price target on D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $163.83.

D.R. Horton Stock Up 0.2%

NYSE DHI opened at $140.39 on Tuesday. D.R. Horton has a 52 week low of $131.75 and a 52 week high of $176.22. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $39.27 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.37. The stock’s 50-day moving average price is $144.86 and its 200-day moving average price is $146.81.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the company posted $3.36 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton will post 10.45 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of D.R. Horton in the 2nd quarter worth $4,067,842,000. Capital World Investors raised its position in shares of D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after buying an additional 6,695,592 shares in the last quarter. Norges Bank bought a new position in shares of D.R. Horton in the 4th quarter valued at about $649,305,000. Bank of America Corp DE purchased a new position in D.R. Horton in the second quarter worth about $477,358,000. Finally, Bank of New York Mellon Corp purchased a new position in D.R. Horton in the second quarter worth about $294,292,000. Hedge funds and other 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.