Bank of America Lowers D.R. Horton (NYSE:DHI) Price Target to $168.00

D.R. Horton (NYSE:DHI) had its price objective cut by Bank of America from $182.00 to $168.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a research note on Thursday, January 11th. Wedbush reissued an underperform rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. JMP Securities boosted their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a research note on Wednesday, January 24th. Barclays reduced their price target on shares of D.R. Horton from $186.00 to $176.00 and set an overweight rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating for the company in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton presently has an average rating of Moderate Buy and an average price target of $158.06.

D.R. Horton Trading Up 0.7 %

D.R. Horton stock opened at $143.12 on Friday. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $151.81 and a two-hundred day moving average price of $139.44. The firm has a market capitalization of $47.49 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.70 and a beta of 1.64. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.73 EPS. Sell-side analysts expect that D.R. Horton will post 14.25 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. D.R. Horton’s payout ratio is currently 8.17%.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 in the last ninety days. 1.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of D.R. Horton by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 116,217 shares of the construction company’s stock valued at $19,123,000 after acquiring an additional 5,814 shares during the period. Raymond James & Associates increased its stake in D.R. Horton by 16.3% in the 1st quarter. Raymond James & Associates now owns 557,153 shares of the construction company’s stock valued at $91,679,000 after buying an additional 78,184 shares during the period. FORVIS Wealth Advisors LLC increased its stake in D.R. Horton by 23.4% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 15,294 shares of the construction company’s stock valued at $2,517,000 after buying an additional 2,900 shares during the period. American National Bank & Trust Co. VA acquired a new position in D.R. Horton in the 1st quarter valued at approximately $266,000. Finally, Retirement Guys Formula LLC acquired a new position in D.R. Horton in the 1st quarter valued at approximately $1,307,000. Institutional investors and hedge funds 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.