D.R. Horton (NYSE:DHI) Price Target Raised to $178.00 at Keefe, Bruyette & Woods

D.R. Horton (NYSE:DHI) had its price objective boosted by Keefe, Bruyette & Woods from $172.00 to $178.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Several other equities research analysts have also issued reports on DHI. Barclays dropped their price target on D.R. Horton from $186.00 to $176.00 and set an overweight rating for the company in a research note on Friday, April 19th. The Goldman Sachs Group upped their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Citigroup lifted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a research note on Friday, April 5th. Raymond James upped their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Finally, BTIG Research decreased their target price on shares of D.R. Horton from $174.00 to $169.00 and set a buy rating on the stock in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $158.41.

D.R. Horton Stock Performance

Shares of DHI opened at $151.42 on Tuesday. D.R. Horton has a 12-month low of $100.08 and a 12-month high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $49.86 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. The stock has a 50-day moving average price of $152.32 and a 200-day moving average price of $142.72.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 13.39% and a return on equity of 21.32%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.73 EPS. As a group, equities analysts forecast that D.R. Horton will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.79%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity

In related news, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,812 shares of company stock valued at $4,330,617. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Evergreen Capital Management LLC increased its position in D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after buying an additional 3,489 shares in the last quarter. Voss Capital LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC grew its position in D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after purchasing an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in D.R. Horton during the 3rd quarter valued at about $218,000. Finally, Handelsbanken Fonder AB raised its holdings in D.R. Horton by 20.5% in the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after buying an additional 16,573 shares during the last quarter. 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.