BTIG Research Trims D.R. Horton (NYSE:DHI) Target Price to $169.00

D.R. Horton (NYSE:DHI) had its price objective trimmed by BTIG Research from $174.00 to $169.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other analysts also recently weighed in on DHI. Citigroup upped their price target on D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada upped their price target on D.R. Horton from $116.00 to $142.00 and gave the stock an underperform rating in a research note on Monday, January 22nd. JMP Securities upped their price target on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a research note on Wednesday, January 24th. Finally, Seaport Res Ptn downgraded D.R. Horton from a buy rating to a neutral rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $158.06.

D.R. Horton Trading Down 2.5 %

DHI opened at $142.19 on Tuesday. The business has a 50 day simple moving average of $151.91 and a two-hundred day simple moving average of $138.67. The firm has a market capitalization of $47.18 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. D.R. Horton has a one year low of $100.08 and a one year high of $165.75.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the prior year, the company earned $2.73 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. Analysts predict that D.R. Horton will post 14.24 EPS 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 paid 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 currently 8.63%.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the firm’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 transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider David V. Auld sold 25,000 shares of the firm’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 transaction, the insider now directly 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 is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock worth $4,225,745 in the last ninety days. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the business. Evergreen Capital Management LLC raised its holdings in 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 stake in D.R. Horton during the fourth quarter valued at about $7,599,000. Los Angeles Capital Management LLC raised its holdings in 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 stake in D.R. Horton during the third quarter valued at about $218,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in 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. 90.63% of the stock is owned by institutional investors.

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.