D.R. Horton (NYSE:DHI) Price Target Raised to $175.00 at Bank of America

D.R. Horton (NYSE:DHI) had its price objective boosted by Bank of America from $155.00 to $175.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Wells Fargo & Company upped their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Wedbush increased their target price on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $158.23.

D.R. Horton Trading Down 0.2%

Shares of DHI stock opened at $169.63 on Thursday. The firm has a 50-day moving average price of $159.13 and a 200 day moving average price of $136.91. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a market capitalization of $50.57 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 3.60 and a beta of 1.36. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the company posted $4.10 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that D.R. Horton will post 13.04 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 Thursday, August 14th. Investors of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton’s dividend payout ratio (DPR) is 12.83%.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David V. Auld sold 30,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares of the company’s stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock worth $6,173,403 in the last quarter. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its stake in shares of D.R. Horton by 4.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,878 shares of the construction company’s stock worth $500,000 after purchasing an additional 152 shares in the last quarter. Reynders McVeigh Capital Management LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter worth about $206,000. Osaic Holdings Inc. raised its stake in shares of D.R. Horton by 101.9% during the 2nd quarter. Osaic Holdings Inc. now owns 60,722 shares of the construction company’s stock worth $7,787,000 after purchasing an additional 30,645 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of D.R. Horton by 5.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 31,061 shares of the construction company’s stock worth $4,004,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of D.R. Horton by 42.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 776,070 shares of the construction company’s stock worth $100,048,000 after purchasing an additional 229,597 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other 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.