D.R. Horton (NYSE:DHI) Rating Reiterated by Wedbush

Wedbush restated their underperform rating on shares of D.R. Horton (NYSE:DHI) in a report issued on Thursday morning, Benzinga reports. Wedbush currently has a $130.00 target price on the construction company’s stock.

A number of other equities analysts have also recently commented on DHI. Royal Bank of Canada raised their target price on D.R. Horton from $116.00 to $142.00 and gave the stock an underperform rating in a report on Monday, January 22nd. The Goldman Sachs Group raised their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a buy rating in a report on Thursday, January 11th. UBS Group raised their target price on D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Seaport Res Ptn cut D.R. Horton from a buy rating to a neutral rating in a report on Monday, January 22nd. Finally, Citigroup raised their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a buy rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of Moderate Buy and an average price target of $154.00.

D.R. Horton Stock Performance

DHI stock opened at $145.91 on Thursday. The company has a market cap of $48.42 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The stock’s fifty day moving average price is $151.97 and its 200-day moving average price is $138.42.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.43. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period last year, the business posted $2.73 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton will post 14.24 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Moneta Group Investment Advisors LLC grew its position in D.R. Horton by 101,707.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after acquiring an additional 4,364,275 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton in the fourth quarter worth about $516,530,000. Goldman Sachs Group Inc. grew its position in D.R. Horton by 41.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,909,230 shares of the construction company’s stock worth $442,145,000 after acquiring an additional 845,745 shares in the last quarter. Barclays PLC grew its position in D.R. Horton by 72.0% in the fourth quarter. Barclays PLC now owns 1,723,287 shares of the construction company’s stock worth $261,902,000 after acquiring an additional 721,292 shares in the last quarter. Finally, Invesco Ltd. grew its position in D.R. Horton by 17.0% in the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after acquiring an additional 694,155 shares in the last quarter. 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.