Bank of America Trims D.R. Horton (NYSE:DHI) Target Price to $168.00

D.R. Horton (NYSE:DHI) had its price objective decreased by Bank of America from $182.00 to $168.00 in a research note released on Friday, Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

A number of other research firms also recently weighed in on DHI. Barclays cut their price target on D.R. Horton from $186.00 to $176.00 and set an overweight rating on the stock in a research note on Friday. Wedbush reissued an underperform rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday. UBS Group boosted their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a buy rating in a research report on Friday. Keefe, Bruyette & Woods lowered their price target on 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. Finally, The Goldman Sachs Group lifted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a research note on Thursday, January 11th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $158.06.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $142.19 on Friday. The company has a current ratio of 7.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75. The stock has a market capitalization of $47.18 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.71 and a beta of 1.64. The business has a 50-day moving average price of $151.91 and a two-hundred day moving average price of $139.17.

D.R. Horton (NYSE:DHI) last issued its quarterly 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. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the company earned $2.73 EPS. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. Equities analysts predict that D.R. Horton will post 14.25 earnings per share 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 issued a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insider Transactions at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Barbara K. Allen sold 449 shares of the business’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 of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, 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 27,197 shares of company stock valued at $4,225,745 over the last three months. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Rise Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at about $27,000. Clear Street Markets LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $28,000. Fairfield Bush & CO. bought a new stake in shares of D.R. Horton during the 1st quarter worth approximately $28,000. Riverview Trust Co bought a new stake in shares of D.R. Horton during the 1st quarter worth approximately $30,000. Finally, BluePath Capital Management LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $33,000. 90.63% of the stock is owned by institutional investors.

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.