D.R. Horton (NYSE:DHI) Price Target Raised to $153.00

D.R. Horton (NYSE:DHI) had its price objective boosted by Jefferies Financial Group from $141.00 to $153.00 in a report published on Friday, Benzinga reports. The brokerage currently has a hold rating on the construction company’s stock.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada raised their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. Wedbush reaffirmed an underperform rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Citigroup raised their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a research report on Friday, April 5th. UBS Group increased their price target on D.R. Horton from $192.00 to $200.00 and gave the company a buy rating in a report on Friday. Finally, Raymond James increased their price target on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $158.06.

D.R. Horton Price Performance

NYSE DHI opened at $143.12 on Friday. The company has a 50 day simple moving average of $151.81 and a 200-day simple moving average of $139.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm has a market capitalization of $47.49 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75.

D.R. Horton (NYSE:DHI) last issued 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. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.73 earnings per share. Equities research analysts predict that D.R. Horton will post 14.25 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date of this dividend 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 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction 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 sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a 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 D.R. Horton stock in a transaction on Tuesday, January 30th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,197 shares of company stock worth $4,225,745. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its holdings in shares of D.R. Horton by 53.7% during the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the period. Voss Capital LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at $7,599,000. Los Angeles Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in shares of D.R. Horton during the third quarter valued at $218,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of D.R. Horton by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after acquiring an additional 7,600 shares during the period. 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.