D.R. Horton (NYSE:DHI) Price Target Cut to $141.00 by Analysts at Royal Bank of Canada

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

Several other equities analysts have also recently issued reports on DHI. Jefferies Financial Group raised their price target on D.R. Horton from $141.00 to $153.00 and gave the company a hold rating in a report on Friday. The Goldman Sachs Group raised their price target on D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a report on Thursday, January 11th. Citigroup raised their price target on D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a report on Friday, April 5th. JMP Securities raised their price target on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a report on Wednesday, January 24th. Finally, Raymond James raised their price target on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $158.06.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $143.12 on Friday. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75. The firm has a market cap of $47.49 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The business has a fifty day moving average of $151.81 and a 200-day moving average of $139.44.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $8.15 billion. During the same period last year, the company posted $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton will post 14.25 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock valued at $4,225,745 in the last 90 days. 1.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Legal Advantage Investments Inc. increased its holdings in shares of D.R. Horton by 2.5% during the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after acquiring an additional 75 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of D.R. Horton by 0.5% during the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after acquiring an additional 75 shares during the last quarter. Wealthsource Partners LLC increased its holdings in shares of D.R. Horton by 2.7% during the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after acquiring an additional 78 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in D.R. Horton by 2.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after purchasing an additional 79 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in D.R. Horton by 2.0% in the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after purchasing an additional 80 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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.