D.R. Horton (NYSE:DHI) Price Target Cut to $150.00 by Analysts at Barclays

D.R. Horton (NYSE:DHI) had its price objective trimmed by Barclays from $170.00 to $150.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Several other analysts have also issued reports on the company. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Evercore ISI reduced their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered shares of D.R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. BTIG Research cut their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $175.20.

D.R. Horton Stock Performance

NYSE DHI opened at $146.61 on Thursday. The firm has a 50-day moving average price of $152.70 and a two-hundred day moving average price of $168.64. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a market capitalization of $47.04 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.51 and a beta of 1.75. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 earnings per share. Analysts anticipate that D.R. Horton will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. D.R. Horton’s dividend payout ratio is 11.14%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in D.R. Horton by 2.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 49,703 shares of the construction company’s stock worth $7,005,000 after buying an additional 1,063 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of D.R. Horton by 15.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,822 shares of the construction company’s stock worth $680,000 after purchasing an additional 638 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of D.R. Horton by 3.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,930 shares of the construction company’s stock worth $4,881,000 after purchasing an additional 1,062 shares during the period. Elo Mutual Pension Insurance Co grew its stake in shares of D.R. Horton by 17.1% in the second quarter. Elo Mutual Pension Insurance Co now owns 25,443 shares of the construction company’s stock worth $3,586,000 after purchasing an additional 3,714 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in D.R. Horton by 3.5% in the second quarter. Hsbc Holdings PLC now owns 1,020,195 shares of the construction company’s stock valued at $143,662,000 after purchasing an additional 34,961 shares during the period. 90.63% of the stock is currently 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.