D.R. Horton (NYSE:DHI) Price Target Cut to $141.00 by Analysts at Royal Bank of Canada

D.R. Horton (NYSE:DHI) had its price objective trimmed by Royal Bank of Canada from $142.00 to $141.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an underperform rating on the construction company’s stock.

DHI has been the subject of several other research reports. The Goldman Sachs Group boosted their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a research report on Thursday, January 11th. Raymond James upped their target price on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $175.00 to $172.00 and set an outperform rating for the company in a report on Wednesday, January 24th. Seaport Res Ptn downgraded D.R. Horton from a buy rating to a neutral rating in a report on Monday, January 22nd. Finally, UBS Group upped their target price on D.R. Horton from $192.00 to $200.00 and gave the company a buy rating in a report on Friday. Two research 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. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of Moderate Buy and an average target price of $158.06.

D.R. Horton Stock Performance

Shares of DHI stock opened at $142.19 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 7.35. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The stock has a 50 day moving average price of $151.91 and a two-hundred day moving average price of $138.67. The company has a market capitalization of $47.18 billion, a P/E ratio of 9.68, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the previous year, the company posted $2.73 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. Analysts expect that D.R. Horton will post 14.23 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s payout ratio is presently 8.17%.

Insider Activity

In other news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock worth $4,225,745 over the last three months. 1.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in D.R. Horton by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock worth $2,675,130,000 after buying an additional 406,429 shares in the last quarter. State Street Corp grew its stake in shares of D.R. Horton by 3.6% during the 1st 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 grew its stake in shares of D.R. Horton by 0.7% during the 1st 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. grew its stake in shares of D.R. Horton by 17.0% during the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after purchasing an additional 694,155 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after purchasing an additional 4,364,275 shares during the period. 90.63% of the stock is currently owned by 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.