D.R. Horton (NYSE:DHI) Price Target Raised to $200.00 at UBS Group

D.R. Horton (NYSE:DHI) had its price target lifted by UBS Group from $192.00 to $200.00 in a report issued on Friday, Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other brokerages have also weighed in on DHI. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a research report on Thursday, January 11th. Raymond James boosted their target price 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. JMP Securities increased their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a research report on Wednesday, January 24th. Wedbush reiterated an underperform rating and issued a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, Royal Bank of Canada increased their price objective on D.R. Horton from $116.00 to $142.00 and gave the stock an underperform rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $158.06.

D.R. Horton Stock Up 0.7 %

DHI stock opened at $143.12 on Friday. The stock has a market cap of $47.49 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.70 and a beta of 1.64. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $151.81 and its two-hundred day simple moving average is $139.44. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates 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 for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.73 earnings per share. Analysts expect that D.R. Horton will post 14.25 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at $809,419. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David V. Auld sold 25,000 shares of the company’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 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 have sold 27,197 shares of company stock valued at $4,225,745 in the last quarter. Insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in D.R. Horton during the 4th quarter worth approximately $516,530,000. Los Angeles Capital Management LLC boosted its stake in shares of 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 purchasing an additional 591,787 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after purchasing an additional 525,705 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of D.R. Horton by 21.7% in the fourth 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 period. Finally, Acadian Asset Management LLC raised its holdings in D.R. Horton by 1,357.4% during the 3rd quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock valued at $52,652,000 after buying an additional 456,419 shares during the last quarter. 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.