D.R. Horton (NYSE:DHI) Price Target Lowered to $152.00 at Citigroup

D.R. Horton (NYSE:DHI) had its price objective reduced by Citigroup from $185.00 to $152.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wells Fargo & Company reduced their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Barclays reaffirmed an “equal weight” rating and issued a $170.00 price objective (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $177.40.

D.R. Horton Trading Down 0.4 %

Shares of DHI stock opened at $139.37 on Monday. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a market capitalization of $44.71 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The firm has a 50 day moving average price of $156.76 and a two-hundred day moving average price of $168.90. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.45 earnings per share. As a group, analysts predict that D.R. Horton will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.15%. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV grew its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Legacy CG LLC bought a new stake in shares of D.R. Horton in the third quarter worth $4,220,000. Toronto Dominion Bank increased its holdings in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares during the period. Benjamin Edwards Inc. grew its position in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after buying an additional 36,780 shares during the last quarter. Finally, Schear Investment Advisers LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at about $1,308,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

About D.R. Horton

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.