Citigroup Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its target price lowered by Citigroup from $185.00 to $152.00 in a report published on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

Several other research firms also recently commented on DHI. BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $177.40.

D.R. Horton Price Performance

Shares of DHI opened at $139.37 on Monday. The firm has a market cap of $44.71 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The business’s 50 day moving average price is $156.76 and its two-hundred day moving average price is $168.90.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company earned $4.45 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. D.R. Horton’s payout ratio is presently 11.14%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Large investors have recently modified their holdings of the business. Coastline Trust Co purchased a new position in D.R. Horton in the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. grew its position in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors 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.