D.R. Horton (NYSE:DHI) Price Target Raised to $185.00

D.R. Horton (NYSE:DHI) had its price target increased by Argus from $175.00 to $185.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has a buy rating on the construction company’s stock.

A number of other brokerages have also recently weighed in on DHI. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Wells Fargo & Company set a $158.00 price objective on D.R. Horton in a research note on Wednesday. Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. UBS Group reiterated a “buy” rating and set a $193.00 target price on shares of D.R. Horton in a report on Tuesday, January 20th. Finally, Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average price target of $162.64.

D.R. Horton Stock Performance

NYSE DHI opened at $150.48 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton has a 1-year low of $110.44 and a 1-year high of $184.54. The firm has a market capitalization of $43.59 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.20 and a beta of 1.42. The business’s 50-day simple moving average is $151.18 and its 200-day simple moving average is $155.42.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Equities analysts predict that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is currently 16.35%.

Institutional Trading of D.R. Horton

Hedge funds have recently made changes to their positions in the stock. Concord Wealth Partners acquired a new stake in D.R. Horton in the third quarter valued at $25,000. Canton Hathaway LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $27,000. Sound Income Strategies LLC bought a new position in shares of D.R. Horton during the fourth quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in D.R. Horton in the second quarter worth about $29,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.