D.R. Horton (NYSE:DHI) Price Target Cut to $203.00 by Analysts at UBS Group

D.R. Horton (NYSE:DHI) had its price objective trimmed by UBS Group from $214.00 to $203.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Barclays restated an “equal weight” rating and issued a $170.00 price target (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $176.67.

D.R. Horton Stock Down 2.4 %

Shares of NYSE DHI opened at $136.52 on Wednesday. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The stock has a market cap of $43.80 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.57 and a beta of 1.75. 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 firm has a 50 day moving average price of $154.38 and a 200 day moving average price of $168.41.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.45 earnings per share. Analysts expect that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared 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 represents a $1.60 dividend on an annualized basis and a yield of 1.17%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Institutional Trading of D.R. Horton

Hedge funds have recently made changes to their positions in the business. Caprock Group LLC increased its holdings in shares of D.R. Horton by 37.8% in the second quarter. Caprock Group LLC now owns 7,639 shares of the construction company’s stock valued at $1,077,000 after purchasing an additional 2,094 shares during the last quarter. Ballentine Partners LLC grew its stake in D.R. Horton by 5.8% in the 2nd quarter. Ballentine Partners LLC now owns 3,449 shares of the construction company’s stock valued at $486,000 after buying an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in D.R. Horton in the 2nd quarter valued at about $68,000. Choreo LLC lifted its position in D.R. Horton by 116.1% during the second quarter. Choreo LLC now owns 18,905 shares of the construction company’s stock worth $2,594,000 after acquiring an additional 10,158 shares during the last quarter. Finally, LGT Fund Management Co Ltd. bought a new stake in shares of D.R. Horton during the second quarter worth approximately $569,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.