D.R. Horton (NYSE:DHI) Price Target Raised to $169.00

D.R. Horton (NYSE:DHI) had its price objective increased by Evercore ISI from $167.00 to $169.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an in-line rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the company. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday. Wells Fargo & Company set a $158.00 price target on D.R. Horton in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Finally, Barclays dropped their target price on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $150.48 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 6.63. The firm has a fifty day moving average of $151.18 and a 200 day moving average of $155.14. The firm has a market cap of $43.80 billion, a PE ratio of 13.67, a PEG ratio of 2.27 and a beta of 1.42. D.R. Horton has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. As a group, research analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds have recently modified their holdings of DHI. Hemington Wealth Management raised its stake in D.R. Horton by 22.1% during the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC grew its stake in shares of D.R. Horton by 0.8% in the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after buying an additional 69 shares during the period. Mutual Advisors LLC increased its holdings in shares of D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after buying an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of D.R. Horton by 17.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after buying an additional 71 shares during the period. Finally, Twin Capital Management Inc. lifted its holdings in D.R. Horton by 0.3% in the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.