D.R. Horton (NYSE:DHI) Price Target Increased to $153.00 by Analysts at Jefferies Financial Group

D.R. Horton (NYSE:DHI) had its target price boosted by Jefferies Financial Group from $141.00 to $153.00 in a report issued on Friday morning, Benzinga reports. They currently have a hold rating on the construction company’s stock.

DHI has been the topic of a number of other research reports. Royal Bank of Canada boosted their target price on D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a research report on Wednesday, January 24th. Barclays cut their price objective on D.R. Horton from $186.00 to $176.00 and set an overweight rating on the stock in a research report on Friday. Citigroup upped their price objective on D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Seaport Res Ptn lowered D.R. Horton from a buy rating to a neutral rating in a research report on Monday, January 22nd. Two 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. Based on data from MarketBeat, D.R. Horton has an average rating of Moderate Buy and an average target price of $158.06.

D.R. Horton Stock Down 2.5 %

DHI stock opened at $142.19 on Friday. The firm has a market cap of $47.18 billion, a PE ratio of 9.68, a PEG ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 7.35. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The firm’s 50 day moving average price is $151.91 and its 200-day moving average price is $138.67.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’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 earnings per share. On average, equities research analysts anticipate that D.R. Horton will post 14.23 EPS for the current year.

D.R. Horton Dividend Announcement

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 paid a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.84%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,197 shares of company stock worth $4,225,745. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently made changes to their positions in DHI. Legal Advantage Investments Inc. raised its holdings in D.R. Horton by 2.5% during the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after purchasing an additional 75 shares in the last quarter. First Hawaiian Bank raised its holdings in D.R. Horton by 0.5% during the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after purchasing an additional 75 shares in the last quarter. Wealthsource Partners LLC raised its holdings in D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after purchasing an additional 78 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after purchasing an additional 79 shares in the last quarter. Finally, FineMark National Bank & Trust raised its holdings in D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.