UBS Group Cuts D.R. Horton (NYSE:DHI) Price Target to $203.00

D.R. Horton (NYSE:DHI) had its target price reduced by UBS Group from $214.00 to $203.00 in a research report released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

DHI has been the subject of a number of other research reports. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. BTIG Research decreased their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays reaffirmed an “equal weight” rating and issued a $170.00 price target (down from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Finally, Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.67.

D.R. Horton Stock Performance

Shares of DHI opened at $136.52 on Wednesday. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The company’s fifty day moving average is $154.38 and its 200-day moving average is $168.41. 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 has a 12 month low of $133.02 and a 12 month high of $199.85.

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

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Coastline Trust Co acquired a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the last quarter. Grove Bank & Trust increased its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of D.R. Horton during the third quarter worth $47,000. 90.63% of the stock is owned by institutional investors.

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.