D.R. Horton (NYSE:DHI) Price Target Raised to $169.00 at Evercore ISI

D.R. Horton (NYSE:DHIFree Report) had its target price hoisted by Evercore ISI from $167.00 to $169.00 in a report issued on Wednesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the construction company’s stock.

DHI has been the subject of a number of other research reports. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Citigroup reduced their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Barclays lowered their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Bank of America cut their target price on D.R. Horton from $162.00 to $158.00 and set a “neutral” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $160.92.

View Our Latest Stock Report on DHI

D.R. Horton Stock Up 3.4%

DHI opened at $158.40 on Wednesday. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $184.54. The business has a 50 day moving average price of $150.76 and a two-hundred 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. The company 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.

D.R. Horton (NYSE:DHIGet Free Report) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.48% and a net margin of 9.95%.The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, research analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 15.53%.

Institutional Trading of D.R. Horton

A number of institutional investors have recently bought and sold shares of DHI. Integrated Wealth Concepts LLC boosted its position in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised its position in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in D.R. Horton during the second quarter worth about $302,000. Park Avenue Securities LLC purchased a new stake in shares of D.R. Horton in the second quarter valued at about $3,007,000. Finally, GAMMA Investing LLC grew its position in shares of D.R. Horton by 34.8% in the second quarter. GAMMA Investing LLC now owns 9,722 shares of the construction company’s stock valued at $1,253,000 after purchasing an additional 2,511 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Key D.R. Horton News

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

About D.R. Horton

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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.

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

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