D.R. Horton (NYSE:DHI) Price Target Raised to $200.00 at UBS Group

D.R. Horton (NYSE:DHI) had its target price hoisted by UBS Group from $192.00 to $200.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research firms have also recently issued reports on DHI. Royal Bank of Canada lifted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an underperform rating in a research report on Monday, January 22nd. JMP Securities upped their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a research report on Wednesday, January 24th. Citigroup increased their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a report on Friday, April 5th. BTIG Research decreased their target price on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of Moderate Buy and a consensus price target of $158.06.

D.R. Horton Stock Down 2.5 %

Shares of NYSE:DHI opened at $142.19 on Friday. The firm has a market capitalization of $47.18 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.64. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.20. The firm’s 50-day moving average is $151.91 and its two-hundred day moving average is $139.17.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 EPS. Analysts predict that D.R. Horton will post 14.25 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available through this link. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The shares were 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 of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last three months, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is owned by corporate 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 business. FORVIS Wealth Advisors LLC grew its holdings in D.R. Horton by 23.4% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 15,294 shares of the construction company’s stock valued at $2,517,000 after buying an additional 2,900 shares during the period. American National Bank & Trust Co. VA acquired a new stake in shares of D.R. Horton in the first quarter worth approximately $266,000. Retirement Guys Formula LLC purchased a new stake in D.R. Horton in the first quarter valued at approximately $1,307,000. First Trust Direct Indexing L.P. increased its position in D.R. Horton by 7.6% during the first quarter. First Trust Direct Indexing L.P. now owns 8,531 shares of the construction company’s stock worth $1,404,000 after purchasing an additional 605 shares during the last quarter. Finally, DMC Group LLC raised its stake in D.R. Horton by 4.5% during the first quarter. DMC Group LLC now owns 3,061 shares of the construction company’s stock worth $504,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.