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

D.R. Horton (NYSE:DHI) had its target price trimmed by Citigroup from $185.00 to $152.00 in a report published on Monday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. BTIG Research decreased their price objective on shares of 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. Evercore ISI lowered their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Wedbush upgraded 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 note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $176.67.

D.R. Horton Trading Up 1.5 %

Shares of D.R. Horton stock opened at $139.97 on Monday. 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 52-week low of $133.02 and a 52-week high of $199.85. The firm has a market cap of $44.91 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The company’s 50-day simple moving average is $155.58 and its 200-day simple moving average is $168.66.

D.R. Horton (NYSE:DHI) last issued 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 business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 earnings per share. As a group, equities research analysts anticipate that D.R. Horton will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred 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. Insiders own 0.54% of the company’s stock.

Institutional Trading of D.R. Horton

Several large investors have recently added to or reduced their stakes in the company. Coastline Trust Co purchased a new stake in D.R. Horton in the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. lifted its holdings in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Wolff Wiese Magana LLC raised its position in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Grove Bank & Trust lifted its stake in D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in D.R. Horton in the third quarter worth approximately $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.