D.R. Horton (NYSE:DHI) Price Target Raised to $152.00

D.R. Horton (NYSE:DHI) had its price objective upped by Citigroup from $150.00 to $152.00 in a research note published on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

DHI has been the subject of several other research reports. BTIG Research reaffirmed a “buy” rating and set a $174.00 target price (down from $184.00) on shares of D.R. Horton in a research note on Tuesday, September 22nd. Truist Financial dropped their price target on shares of 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. Morgan Stanley started coverage on shares of D.R. Horton in a report on Thursday, October 1st. They issued an “equal weight” rating and a $151.00 price target for the company. Stonex Financial upgraded shares of D.R. Horton to a “hold” rating in a research report on Thursday, October 15th. Finally, Melius Research assumed coverage on shares of D.R. Horton in a research report on Tuesday, October 6th. They set a “sell” rating and a $128.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Stock Performance

DHI opened at $157.12 on Monday. The business has a 50 day moving average price of $140.89 and a two-hundred day moving average price of $147.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. The company has a market capitalization of $43.95 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.35. D.R. Horton has a 1-year low of $130.40 and a 1-year high of $170.79.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.07 billion. During the same quarter last year, the business posted $3.04 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts predict that D.R. Horton will post 10.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be given a $0.50 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, November 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is 17.75%.

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in D.R. Horton during the second quarter worth $4,067,842,000. Bank of America Corp DE bought a new stake in D.R. Horton in the 2nd quarter valued at $477,358,000. Bank of New York Mellon Corp acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $294,292,000. Legal & General Group Plc acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $280,664,000. Finally, Deutsche Bank AG acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $201,077,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.