D.R. Horton (NYSE:DHI) Price Target Cut to $141.00 by Analysts at Royal Bank of Canada

D.R. Horton (NYSE:DHI) had its price objective trimmed by Royal Bank of Canada from $142.00 to $141.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an underperform rating on the construction company’s stock.

DHI has been the subject of a number of other reports. The Goldman Sachs Group increased their price target on D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a research note on Thursday, January 11th. BTIG Research decreased their price target on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research note on Tuesday. Raymond James increased their price target on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a research note on Thursday, February 1st. UBS Group increased their price target on D.R. Horton from $192.00 to $200.00 and gave the company a buy rating in a research note on Friday. Finally, JMP Securities increased their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $158.06.

D.R. Horton Price Performance

Shares of DHI stock opened at $142.19 on Friday. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75. The stock has a market capitalization of $47.18 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.72 and a beta of 1.64. The stock has a fifty day simple moving average of $151.91 and a two-hundred day simple moving average of $138.67. The company has a current ratio of 7.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 EPS. On average, analysts predict that D.R. Horton will post 14.23 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date 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 currently 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at $809,419. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in D.R. Horton during the first quarter worth approximately $27,000. Clear Street Markets LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $28,000. Fairfield Bush & CO. purchased a new position in D.R. Horton during the first quarter worth approximately $28,000. Riverview Trust Co purchased a new position in D.R. Horton during the first quarter worth approximately $30,000. Finally, BluePath Capital Management LLC purchased a new position in D.R. Horton during the third quarter worth approximately $33,000. 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.