D.R. Horton (NYSE:DHI) Given New $200.00 Price Target at UBS Group

D.R. Horton (NYSE:DHI) had its price target hoisted by UBS Group from $192.00 to $200.00 in a research note issued to investors on Friday morning, Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently issued reports on DHI. The Goldman Sachs Group increased their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a research report on Thursday, January 11th. Royal Bank of Canada boosted their price target on D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a report on Monday, January 22nd. BTIG Research decreased their price objective on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a report on Tuesday, April 16th. JMP Securities upped their price target on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a research report on Wednesday, January 24th. Finally, Barclays lifted their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the company an overweight rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of Moderate Buy and an average target price of $158.06.

D.R. Horton Price Performance

DHI opened at $143.12 on Friday. The stock has a market cap of $47.49 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.70 and a beta of 1.64. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $151.81 and a 200 day simple moving average of $139.44.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts expect that D.R. Horton will post 14.25 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock worth $4,225,745 in the last quarter. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth $27,000. Riverview Trust Co bought a new position in D.R. Horton in the first quarter valued at about $30,000. BluePath Capital Management LLC bought a new position in D.R. Horton in the third quarter valued at about $33,000. Oakworth Capital Inc. acquired a new position in D.R. Horton during the fourth quarter worth about $38,000. Finally, First Pacific Financial bought a new position in shares of D.R. Horton in the third quarter worth about $41,000. 90.63% of the stock is currently owned by institutional investors.

About D.R. Horton

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.