D.R. Horton (NYSE:DHI) Price Target Lowered to $176.00 at Barclays

D.R. Horton (NYSE:DHI) had its price objective reduced by Barclays from $186.00 to $176.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other equities research analysts also recently issued reports on DHI. BTIG Research lowered their price target on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research report on Tuesday, April 16th. JMP Securities boosted their price target on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a research report on Wednesday, January 24th. Seaport Res Ptn downgraded D.R. Horton from a buy rating to a neutral rating in a research report on Monday, January 22nd. Royal Bank of Canada boosted their price target on D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. Finally, Wedbush restated an underperform rating and set a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $158.06.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $143.12 on Friday. The company has a market cap of $47.49 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.70 and a beta of 1.64. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The business has a fifty day simple moving average of $151.81 and a 200-day simple moving average of $139.44.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates 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 business 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 business earned $2.73 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts forecast that D.R. Horton will post 14.25 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by corporate insiders.

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Norges Bank acquired a new stake in D.R. Horton during the fourth quarter valued at approximately $516,530,000. Los Angeles Capital Management LLC raised its stake in D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after buying an additional 591,787 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after buying an additional 525,705 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of D.R. Horton by 1,357.4% during the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock valued at $52,652,000 after purchasing an additional 456,419 shares during the last quarter. Institutional investors and hedge funds 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.