D.R. Horton (NYSE:DHI) Stock Gets Price Target Trim from Royal Bank Of Canada

D.R. Horton (NYSE:DHI) had its target price reduced by Royal Bank Of Canada from $125.00 to $119.00 in a report released on Thursday morning,Benzinga reports. They currently have an underperform rating on the construction company’s stock.

Several other analysts have also commented on the company. Melius Research started coverage on D.R. Horton in a report on Tuesday, October 6th. They set a “sell” rating and a $128.00 price objective for the company. Evercore set a $166.00 target price on D.R. Horton in a research note on Friday, September 25th. BTIG Research restated a “buy” rating and set a $174.00 target price on shares of D.R. Horton in a research note on Tuesday, September 22nd. Truist Financial reduced their target price on D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Finally, Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $156.36.

D.R. Horton Trading Down 0.2%

NYSE:DHI opened at $139.20 on Thursday. D.R. Horton has a 52 week low of $130.40 and a 52 week high of $170.79. The firm has a 50 day moving average of $141.57 and a 200 day moving average of $146.42. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 2.16 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm earned $3.36 earnings per share. D.R. Horton’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s dividend payout ratio is presently 17.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of D.R. Horton during the second quarter valued at $4,067,842,000. Bank of America Corp DE purchased a new position in D.R. Horton in the 2nd quarter worth $477,358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in D.R. Horton by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock worth $472,969,000 after acquiring an additional 122,434 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in D.R. Horton by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after acquiring an additional 21,514 shares during the period. Finally, Principal Financial Group Inc. lifted its position in D.R. Horton by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock worth $295,789,000 after acquiring an additional 48,723 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.