D.R. Horton (NYSE:DHI) PT Lowered to $141.00 at Royal Bank of Canada

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

Other equities research analysts have also recently issued reports about the stock. Seaport Res Ptn cut shares of D.R. Horton from a buy rating to a neutral rating in a report on Monday, January 22nd. The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a report on Wednesday, January 24th. Raymond James raised their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Finally, Barclays decreased their target price on D.R. Horton from $186.00 to $176.00 and set an overweight rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $158.06.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $142.19 on Friday. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The stock has a market capitalization of $47.18 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.20. The business has a 50-day moving average of $151.91 and a 200-day moving average of $139.17.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the prior year, the firm posted $2.73 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton will post 14.25 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio is 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on 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 owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction 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. Insiders sold 27,197 shares of company stock worth $4,225,745 over the last three months. Insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its holdings in D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after acquiring an additional 4,364,275 shares during the period. Norges Bank bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $516,530,000. Goldman Sachs Group Inc. boosted its position in shares of D.R. Horton by 41.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,909,230 shares of the construction company’s stock valued at $442,145,000 after purchasing an additional 845,745 shares in the last quarter. Barclays PLC grew its stake in D.R. Horton by 72.0% during the fourth quarter. Barclays PLC now owns 1,723,287 shares of the construction company’s stock worth $261,902,000 after purchasing an additional 721,292 shares during the period. Finally, Invesco Ltd. increased its holdings in D.R. Horton by 17.0% in the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after purchasing an additional 694,155 shares in the last quarter. Institutional investors and hedge funds 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.