D.R. Horton (NYSE:DHI) Price Target Cut to $169.00 by Analysts at BTIG Research

D.R. Horton (NYSE:DHI) had its target price decreased by BTIG Research from $174.00 to $169.00 in a research note released on Tuesday morning, Benzinga reports. BTIG Research currently has a buy rating on the construction company’s stock.

Other equities analysts also recently issued reports about the stock. Wedbush downgraded shares of D.R. Horton from a neutral rating to an underperform rating and set a $130.00 price target on the stock. in a research note on Tuesday, April 2nd. Seaport Res Ptn cut shares of D.R. Horton from a buy rating to a neutral rating in a research report on Monday, January 22nd. Raymond James raised their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. JMP Securities raised their price objective on shares of 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 raised their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an overweight rating in a research 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 given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $154.00.

D.R. Horton Stock Performance

NYSE:DHI opened at $146.08 on Tuesday. The company’s 50-day moving average price is $151.92 and its 200-day moving average price is $138.32. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market cap of $48.47 billion, a P/E ratio of 10.51, a P/E/G ratio of 0.75 and a beta of 1.64. D.R. Horton has a twelve month low of $97.92 and a twelve month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.76 earnings per share. On average, sell-side analysts forecast that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio is presently 8.63%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were 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 directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 over the last three months. Insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of D.R. Horton by 1.1% in the first quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after purchasing an additional 406,429 shares during the period. State Street Corp boosted its stake in shares of D.R. Horton by 3.6% in the first quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock valued at $1,339,558,000 after purchasing an additional 480,247 shares during the period. Geode Capital Management LLC boosted its stake in shares of D.R. Horton by 0.7% in the first quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock valued at $635,060,000 after purchasing an additional 45,030 shares during the period. Invesco Ltd. lifted its stake in D.R. Horton by 17.0% in the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after acquiring an additional 694,155 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in D.R. Horton by 101,707.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after acquiring an additional 4,364,275 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.