D.R. Horton (NYSE:DHI) Price Target Lowered to $168.00 at Bank of America

D.R. Horton (NYSE:DHI) had its target price decreased by Bank of America from $182.00 to $168.00 in a research report sent to investors on Friday, Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating for the company in a research report on Wednesday, January 24th. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a research report on Thursday, January 11th. Barclays reduced their price target on shares of D.R. Horton from $186.00 to $176.00 and set an overweight rating for the company in a research report on Friday. Royal Bank of Canada increased their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an underperform rating in a research report on Monday, January 22nd. Finally, BTIG Research cut their target price on shares of D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $158.06.

D.R. Horton Trading Down 2.5 %

Shares of NYSE:DHI opened at $142.19 on Friday. The stock has a market capitalization of $47.18 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.72 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. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 7.35. The company has a 50 day moving average price of $151.91 and a 200 day moving average price of $138.67.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. On average, research analysts anticipate that D.R. Horton will post 14.23 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now directly 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 link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly 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 the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction 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 sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter worth $27,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the 1st quarter valued at about $30,000. Oakworth Capital Inc. acquired a new stake in shares of D.R. Horton during the 4th quarter valued at about $38,000. BOKF NA boosted its position in shares of D.R. Horton by 873.1% during the 4th quarter. BOKF NA now owns 253 shares of the construction company’s stock valued at $38,000 after acquiring an additional 227 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at about $42,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.