D.R. Horton (NYSE:DHI) Price Target Cut to $150.00 by Analysts at BTIG Research

D.R. Horton (NYSE:DHI) had its target price cut by BTIG Research from $171.00 to $150.00 in a research report report published on Wednesday morning. They currently have a buy rating on the construction company’s stock. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates.

Several other research firms have also recently issued reports on DHI. Bank of America lowered their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday. Softer demand and elevated incentives impacting outlook through H2 2025 StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. UBS Group dropped their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Citigroup dropped their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $162.21.

D.R. Horton Trading Up 3.1 %

DHI stock traded up $3.67 during mid-day trading on Wednesday, reaching $121.21. 5,181,092 shares of the stock traded hands, compared to its average volume of 2,924,678. The stock has a market capitalization of $38.20 billion, a PE ratio of 8.56, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton has a one year low of $110.44 and a one year high of $199.85. The business has a 50-day moving average price of $126.77 and a two-hundred day moving average price of $148.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the business posted $3.52 earnings per share. Equities research analysts expect that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares during the last quarter. Passumpsic Savings Bank purchased a new position in D.R. Horton in the third quarter valued at $2,466,000. Virtu Financial LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at about $2,942,000. Morse Asset Management Inc grew its holdings in D.R. Horton by 11.5% in the third quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock valued at $3,389,000 after purchasing an additional 1,835 shares during the period. Finally, SkyView Investment Advisors LLC raised its position in D.R. Horton by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company’s stock worth $1,042,000 after acquiring an additional 198 shares during the period. 90.63% of the stock is 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.