D.R. Horton Inc. (NYSE:DHI)’s share price fell 2.5% during mid-day trading on Friday . The company traded as low as $32.70 and last traded at $32.89, with a volume of 4,882,121 shares traded. The stock had previously closed at $33.74.

A number of brokerages have recently issued reports on DHI. Argus reissued a “buy” rating and issued a $39.00 target price on shares of D.R. Horton in a report on Tuesday. Bank of America Corp. cut D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Friday, July 22nd. RBC Capital Markets reissued an “outperform” rating and issued a $38.00 target price (up from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Royal Bank Of Canada raised their price target on D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.45.

The company has a 50 day moving average of $32.35 and a 200 day moving average of $29.69. The firm has a market cap of $12.24 billion and a price-to-earnings ratio of 14.62.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.25 billion. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. On average, analysts expect that D.R. Horton Inc. will post $2.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 8th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.32 annualized dividend and a yield of 0.97%.

In other news, CFO Bill W. Wheat sold 40,000 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $30.37, for a total transaction of $1,214,800.00. Following the completion of the transaction, the chief financial officer now directly owns 108,014 shares in the company, valued at $3,280,385.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael J. Murray sold 2,944 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $30.34, for a total transaction of $89,320.96. Following the transaction, the chief operating officer now owns 13,344 shares of the company’s stock, valued at $404,856.96. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. OppenheimerFunds Inc. increased its position in shares of D.R. Horton by 37.3% in the fourth quarter. OppenheimerFunds Inc. now owns 605,173 shares of the company’s stock valued at $19,391,000 after buying an additional 164,333 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of D.R. Horton by 46.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 100,942 shares of the company’s stock valued at $3,234,000 after buying an additional 32,197 shares during the period. Vanguard Group Inc. increased its position in shares of D.R. Horton by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 29,670,164 shares of the company’s stock valued at $950,335,000 after buying an additional 1,135,540 shares during the period. GAM Holding AG increased its position in shares of D.R. Horton by 3.5% in the fourth quarter. GAM Holding AG now owns 68,015 shares of the company’s stock valued at $2,179,000 after buying an additional 2,316 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in shares of D.R. Horton by 1.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 481,689 shares of the company’s stock valued at $15,626,000 after buying an additional 5,559 shares during the period.

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.