D.R. Horton (NYSE:DHI) Price Target Cut to $158.00 by Analysts at Bank of America

D.R. Horton (NYSE:DHIFree Report) had its price objective lowered by Bank of America from $162.00 to $158.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

A number of other research firms have also recently weighed in on DHI. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. Citigroup cut their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Barclays decreased their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.92.

View Our Latest Research Report on DHI

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $158.40 on Wednesday. The firm has a market cap of $46.11 billion, a PE ratio of 14.39, a P/E/G ratio of 1.96 and a beta of 1.42. The business has a 50-day moving average price of $150.76 and a 200 day moving average price of $155.00. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a return on equity of 13.48% and a net margin of 9.95%.D.R. Horton’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.61 earnings per share. Sell-side analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s payout ratio is 15.53%.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently modified their holdings of DHI. Concord Wealth Partners purchased a new stake in shares of D.R. Horton in the third quarter valued at about $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $27,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at approximately $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Key D.R. Horton News

Here are the key news stories impacting D.R. Horton this week:

D.R. Horton Company Profile

(Get Free Report)

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

Read More

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

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.