D.R. Horton (NYSE:DHI) Price Target Increased to $180.00 by Analysts at JPMorgan Chase & Co.

D.R. Horton (NYSE:DHI) had its price objective increased by JPMorgan Chase & Co. from $163.00 to $180.00 in a report published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

DHI has been the subject of a number of other reports. Bank of America raised their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the company a buy rating in a report on Monday. Jefferies Financial Group upped their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the company a hold rating in a research report on Friday, April 19th. Barclays lifted their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an overweight rating in a research report on Friday, July 19th. UBS Group upped their price objective on D.R. Horton from $200.00 to $217.00 and gave the company a buy rating in a research report on Friday, July 19th. Finally, StockNews.com cut D.R. Horton from a buy rating to a hold rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of Moderate Buy and an average price target of $173.69.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $2.47 during mid-day trading on Tuesday, reaching $174.09. The company’s stock had a trading volume of 1,107,130 shares, compared to its average volume of 2,561,385. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The stock has a fifty day moving average of $146.53 and a two-hundred day moving average of $148.72. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $178.71. The firm has a market capitalization of $57.33 billion, a PE ratio of 12.02, a P/E/G ratio of 0.80 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the company earned $3.90 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton will post 14.43 EPS for the current fiscal year.

D.R. Horton declared that its board has approved a stock buyback program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.74% of the stock is owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new stake in D.R. Horton during the first quarter worth approximately $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at $29,000. Riverview Trust Co purchased a new position in shares of D.R. Horton in the 1st quarter valued at $30,000. Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $31,000. Finally, Oakworth Capital Inc. acquired a new stake in D.R. Horton during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.