D.R. Horton (NYSE:DHI) Stock Gets Price Target Reduction from Morgan Stanley

D.R. Horton (NYSE:DHI) had its price objective decreased by Morgan Stanley from $151.00 to $130.00 in a research note released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wells Fargo & Company reduced their price target on D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Bank of America lowered their price objective on D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Citigroup lifted their price objective on D.R. Horton from $150.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Barclays dropped their price objective on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $151.33.

D.R. Horton Stock Performance

D.R. Horton stock opened at $157.52 on Tuesday. D.R. Horton has a 12-month low of $130.40 and a 12-month high of $170.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. The company has a market capitalization of $44.06 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. The firm’s fifty day moving average price is $141.06 and its 200 day moving average price is $147.57.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.07 billion. D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 earnings per share. On average, research analysts forecast that D.R. Horton will post 10.62 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.00 annualized dividend and a yield of 1.3%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.45. D.R. Horton’s dividend payout ratio (DPR) is 17.75%.

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently modified their holdings of the stock. Magnolia Group LLC acquired a new position in D.R. Horton during the third quarter worth about $3,922,000. Maryland State Retirement & Pension System raised its position in D.R. Horton by 15.6% in the third quarter. Maryland State Retirement & Pension System now owns 15,355 shares of the construction company’s stock worth $2,098,000 after acquiring an additional 2,069 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in D.R. Horton by 183.1% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,656 shares of the construction company’s stock valued at $226,000 after acquiring an additional 1,071 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in D.R. Horton by 1.1% in the 3rd quarter. Nemes Rush Group LLC now owns 127,743 shares of the construction company’s stock valued at $17,456,000 after acquiring an additional 1,335 shares during the last quarter. Finally, AlphaCore Capital LLC boosted its position in shares of D.R. Horton by 39.1% during the 3rd quarter. AlphaCore Capital LLC now owns 4,491 shares of the construction company’s stock valued at $614,000 after purchasing an additional 1,263 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.