Citigroup Cuts D.R. Horton (NYSE:DHI) Price Target to $73.00

D.R. Horton (NYSE:DHIGet Rating) had its price target decreased by Citigroup from $89.00 to $73.00 in a report published on Tuesday, The Fly reports. Citigroup currently has a buy rating on the construction company’s stock.

A number of other research analysts have also weighed in on DHI. JPMorgan Chase & Co. reduced their price objective on shares of D.R. Horton from $100.00 to $82.50 and set an overweight rating for the company in a research note on Wednesday, April 13th. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $86.00 to $73.00 and set an overweight rating for the company in a research note on Friday, June 17th. TheStreet lowered shares of D.R. Horton from a b rating to a c+ rating in a research note on Tuesday, April 26th. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $120.00 to $83.00 and set a neutral rating for the company in a research note on Tuesday, April 12th. Finally, BTIG Research cut their price target on shares of D.R. Horton from $104.00 to $97.00 in a report on Monday, June 6th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $94.81.

Shares of DHI stock opened at $67.40 on Tuesday. The company has a 50 day moving average of $70.04 and a 200-day moving average of $82.58. The company has a quick ratio of 0.98, a current ratio of 5.95 and a debt-to-equity ratio of 0.33. D.R. Horton has a 12-month low of $59.25 and a 12-month high of $110.45. The firm has a market cap of $23.73 billion, a P/E ratio of 4.83, a PEG ratio of 0.42 and a beta of 1.58.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The construction company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.66. D.R. Horton had a net margin of 16.53% and a return on equity of 32.22%. The company had revenue of $8 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the business posted $2.53 EPS. D.R. Horton’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, equities analysts expect that D.R. Horton will post 17.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 18th. Stockholders of record on Monday, May 9th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, May 6th. D.R. Horton’s dividend payout ratio is currently 6.45%.

In other news, Director Michael W. Hewatt sold 1,948 shares of D.R. Horton stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total transaction of $132,405.56. Following the completion of the sale, the director now directly owns 5,067 shares of the company’s stock, valued at approximately $344,403.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in D.R. Horton by 65.4% in the fourth quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock worth $34,000 after purchasing an additional 123 shares during the last quarter. West Oak Capital LLC lifted its stake in D.R. Horton by 7.7% in the fourth quarter. West Oak Capital LLC now owns 1,745 shares of the construction company’s stock worth $189,000 after purchasing an additional 125 shares during the last quarter. Fiduciary Trust Co. lifted its stake in D.R. Horton by 3.0% in the fourth quarter. Fiduciary Trust Co. now owns 4,405 shares of the construction company’s stock worth $477,000 after purchasing an additional 130 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in D.R. Horton by 10.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,467 shares of the construction company’s stock worth $158,000 after purchasing an additional 144 shares during the last quarter. Finally, Sfmg LLC lifted its stake in D.R. Horton by 1.0% in the fourth quarter. Sfmg LLC now owns 15,459 shares of the construction company’s stock worth $1,677,000 after purchasing an additional 151 shares during the last quarter. 81.27% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile (Get Rating)

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 31 states and 98 markets under the names of D.R.

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