Barclays Cuts D.R. Horton (NYSE:DHI) Price Target to $120.00

D.R. Horton (NYSE:DHI) had its price target cut by Barclays from $145.00 to $120.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Several other equities analysts have also recently commented on DHI. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $169.14.

D.R. Horton Price Performance

NYSE:DHI opened at $118.03 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market cap of $37.19 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $199.85. The firm’s 50-day simple moving average is $128.08 and its 200 day simple moving average is $149.88.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. As a group, sell-side analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Institutional Trading of D.R. Horton

Several institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. Stifel Financial Corp increased its position in D.R. Horton by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 111,397 shares of the construction company’s stock valued at $21,253,000 after purchasing an additional 6,804 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in D.R. Horton by 98.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 8,266 shares of the construction company’s stock worth $1,577,000 after purchasing an additional 4,098 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of D.R. Horton by 7.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 7,917 shares of the construction company’s stock worth $1,510,000 after purchasing an additional 572 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of D.R. Horton in the 3rd quarter valued at $209,000. 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.