D.R. Horton (NYSE:DHI) Price Target Cut to $169.00 by Analysts at BTIG Research

D.R. Horton (NYSE:DHI) had its price objective lowered by BTIG Research from $174.00 to $169.00 in a research note released on Tuesday morning, Benzinga reports. BTIG Research currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating for the company in a research note on Wednesday, January 24th. UBS Group lifted their price target on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Royal Bank of Canada lifted their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a report on Monday, January 22nd. Wedbush downgraded shares of D.R. Horton from a neutral rating to an underperform rating and set a $130.00 price target on the stock. in a report on Tuesday, April 2nd. Finally, Raymond James lifted their price target on shares of 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 assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $154.00.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $146.08 on Tuesday. The firm has a fifty day moving average price of $151.92 and a 200-day moving average price of $138.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The stock has a market cap of $48.47 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64. D.R. Horton has a 1 year low of $97.92 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.76 earnings per share. Equities analysts anticipate that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly 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 news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were 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 approximately $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock valued at $4,225,745 in the last three months. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently modified their holdings of DHI. Rise Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth approximately $27,000. Clear Street Markets LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $28,000. Fairfield Bush & CO. bought a new position in shares of D.R. Horton during the 1st quarter worth approximately $28,000. Riverview Trust Co bought a new position in shares of D.R. Horton during the 1st quarter worth approximately $30,000. Finally, Mascoma Wealth Management LLC raised its stake in shares of D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.