BTIG Research Cuts D.R. Horton (NYSE:DHI) Price Target to $169.00

D.R. Horton (NYSE:DHI) had its price objective lowered by BTIG Research from $174.00 to $169.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the company. Raymond James raised their price target on D.R. Horton from $140.00 to $160.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Seaport Res Ptn downgraded shares of D.R. Horton from a buy rating to a neutral rating in a research report on Monday, January 22nd. The Goldman Sachs Group raised their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a report on Thursday, January 11th. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a report on Monday, January 22nd. Finally, Citigroup raised their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of Moderate Buy and a consensus target price of $154.00.

D.R. Horton Trading Up 0.1 %

NYSE DHI opened at $145.91 on Tuesday. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a 50 day moving average price of $151.97 and a 200 day moving average price of $138.42. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The firm has a market cap of $48.42 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.43. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.73 earnings per share. As a group, sell-side analysts forecast that D.R. Horton will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Activity at D.R. Horton

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

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $27,000. Clear Street Markets LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $28,000. Fairfield Bush & CO. acquired a new position in D.R. Horton during the first quarter worth $28,000. Riverview Trust Co purchased a new position in shares of D.R. Horton during the first quarter worth $30,000. Finally, Mascoma Wealth Management LLC grew its stake in shares of D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

About D.R. Horton

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.