The Goldman Sachs Group Cuts D.R. Horton (NYSE:DHI) Price Target to $171.00

D.R. Horton (NYSE:DHI) had its price objective trimmed by The Goldman Sachs Group from $200.00 to $171.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other brokerages have also commented on DHI. StockNews.com lowered D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Barclays restated an “equal weight” rating and issued a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. UBS Group lowered their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. 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, the stock presently has a consensus rating of “Hold” and an average price target of $175.20.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $146.61 on Tuesday. D.R. Horton has a 1 year low of $133.02 and a 1 year high of $199.85. The stock has a market capitalization of $47.04 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.51 and a beta of 1.75. The company’s 50-day moving average is $152.70 and its 200 day moving average is $168.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given 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 annualized dividend and a dividend yield of 1.09%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On D.R. Horton

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal Advantage Investments Inc. lifted its holdings in shares of D.R. Horton by 58.3% during the 4th quarter. Legal Advantage Investments Inc. now owns 6,450 shares of the construction company’s stock valued at $902,000 after buying an additional 2,375 shares during the period. Ballentine Partners LLC increased its position in D.R. Horton by 73.1% during the fourth quarter. Ballentine Partners LLC now owns 6,946 shares of the construction company’s stock valued at $971,000 after acquiring an additional 2,934 shares during the last quarter. Atwood & Palmer Inc. lifted its holdings in D.R. Horton by 1.0% in the fourth quarter. Atwood & Palmer Inc. now owns 231,410 shares of the construction company’s stock valued at $32,356,000 after acquiring an additional 2,222 shares during the period. Harbor Investment Advisory LLC boosted its position in D.R. Horton by 11.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,743 shares of the construction company’s stock worth $384,000 after purchasing an additional 271 shares during the last quarter. Finally, Overbrook Management Corp grew its stake in shares of D.R. Horton by 0.5% during the 4th quarter. Overbrook Management Corp now owns 103,410 shares of the construction company’s stock valued at $14,459,000 after purchasing an additional 544 shares during the period. Hedge funds and other institutional investors 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.