D.R. Horton (NYSE:DHI) Price Target Increased to $100.00 by Analysts at JPMorgan Chase & Co.

D.R. Horton (NYSE:DHIGet Rating) had its price objective upped by JPMorgan Chase & Co. from $81.00 to $100.00 in a research note published on Tuesday, The Fly reports. They currently have an overweight rating on the construction company’s stock.

DHI has been the topic of several other research reports. Royal Bank of Canada dropped their target price on shares of D.R. Horton from $70.00 to $68.00 and set a sector perform rating on the stock in a research note on Thursday, November 10th. KeyCorp upped their target price on shares of D.R. Horton from $84.00 to $97.00 and gave the stock an overweight rating in a research note on Monday, November 14th. Wedbush dropped their target price on shares of D.R. Horton from $97.00 to $83.00 and set an outperform rating on the stock in a research note on Monday, October 10th. Raymond James upped their target price on shares of D.R. Horton from $77.00 to $84.00 and gave the stock an outperform rating in a research note on Thursday, November 10th. Finally, Citigroup upped their target price on shares of D.R. Horton to $91.00 in a research note on Tuesday, November 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $88.08.

D.R. Horton Trading Up 2.5 %

NYSE:DHI opened at $82.66 on Tuesday. D.R. Horton has a one year low of $59.25 and a one year high of $110.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.52 and a quick ratio of 0.47. The company’s 50-day simple moving average is $73.97 and its 200 day simple moving average is $72.66. The firm has a market capitalization of $28.72 billion, a P/E ratio of 5.00, a PEG ratio of 0.86 and a beta of 1.54.

D.R. Horton (NYSE:DHIGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The construction company reported $4.67 EPS for the quarter, missing the consensus estimate of $5.09 by ($0.42). D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The business had revenue of $9.64 billion for the quarter, compared to the consensus estimate of $9.97 billion. During the same period in the previous year, the firm earned $3.70 EPS. The company’s revenue was up 18.9% on a year-over-year basis. As a group, analysts forecast that D.R. Horton will post 10.49 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, December 1st. D.R. Horton’s payout ratio is presently 5.44%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total transaction of $154,940.50. Following the completion of the sale, the director now directly owns 3,378 shares of the company’s stock, valued at $241,527. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other D.R. Horton news, VP Aron M. Odom sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the completion of the sale, the vice president now directly owns 1,724 shares of the company’s stock, valued at $144,195.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael R. Buchanan sold 2,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total transaction of $154,940.50. Following the sale, the director now directly owns 3,378 shares of the company’s stock, valued at $241,527. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton in the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of D.R. Horton in the first quarter worth $30,000. SeaCrest Wealth Management LLC purchased a new stake in shares of D.R. Horton in the second quarter worth $30,000. MCF Advisors LLC purchased a new stake in shares of D.R. Horton in the first quarter worth $32,000. Finally, Arlington Partners LLC increased its stake in shares of D.R. Horton by 300.0% in the second quarter. Arlington Partners LLC now owns 480 shares of the construction company’s stock worth $32,000 after purchasing an additional 360 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

About D.R. Horton

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D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, and Rental. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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