D.R. Horton (NYSE:DHI) Price Target Increased to $178.00 by Analysts at Keefe, Bruyette & Woods

D.R. Horton (NYSE:DHI) had its price objective hoisted by Keefe, Bruyette & Woods from $172.00 to $178.00 in a research note published on Tuesday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other brokerages have also issued reports on DHI. Bank of America dropped their target price on D.R. Horton from $182.00 to $168.00 and set a buy rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group boosted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a hold rating in a research report on Friday, April 19th. UBS Group raised their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a buy rating in a research report on Friday, April 19th. Royal Bank of Canada reduced their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an underperform rating for the company in a research note on Friday, April 19th. Finally, Raymond James lifted their target price on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $158.41.

D.R. Horton Stock Performance

Shares of DHI stock opened at $151.42 on Tuesday. The company has a market capitalization of $49.86 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company’s 50 day moving average price is $152.32 and its two-hundred day moving average price is $142.72.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.73 EPS. On average, analysts expect that D.R. Horton will post 14.31 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. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.79%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred 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 transaction, 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 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DHI. Greenhaven Associates Inc. raised its position in shares of D.R. Horton by 1.0% in the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock valued at $539,217,000 after buying an additional 34,366 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton during the fourth quarter worth $516,530,000. Northern Trust Corp increased its stake in shares of D.R. Horton by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock valued at $364,260,000 after purchasing an additional 104,453 shares during the last quarter. Morgan Stanley raised its holdings in shares of D.R. Horton by 3.4% during the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after buying an additional 106,074 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares during the last quarter. 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.