D.R. Horton (NYSE:DHI) Price Target Lowered to $176.00 at Barclays

D.R. Horton (NYSE:DHI) had its target price reduced by Barclays from $186.00 to $176.00 in a report issued on Friday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other equities analysts have also issued research reports about the company. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. BTIG Research decreased their target price on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research report on Tuesday, April 16th. UBS Group boosted their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a buy rating in a research report on Friday. JMP Securities boosted their target price 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, Seaport Res Ptn lowered shares of D.R. Horton from a buy rating to a neutral rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of Moderate Buy and a consensus target price of $158.06.

D.R. Horton Price Performance

DHI opened at $143.12 on Friday. The stock has a 50-day moving average price of $151.81 and a 200-day moving average price of $139.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm has a market cap of $47.49 billion, a PE ratio of 9.74, a P/E/G ratio of 0.70 and a beta of 1.64. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI) last posted 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. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.73 EPS. Sell-side analysts predict that D.R. Horton will post 14.25 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. Rise Advisors LLC bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $27,000. Riverview Trust Co bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $30,000. BluePath Capital Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $33,000. Oakworth Capital Inc. bought a new position in shares of D.R. Horton during the 4th quarter valued at approximately $38,000. Finally, First Pacific Financial bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $41,000. 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.