D.R. Horton (NYSE:DHI) Price Target Cut to $150.00 by Analysts at Barclays

D.R. Horton (NYSE:DHI) had its price target decreased by Barclays from $170.00 to $150.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America boosted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.20.

D.R. Horton Price Performance

NYSE DHI opened at $146.61 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a market cap of $47.04 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.51 and a beta of 1.75. The business has a 50 day simple moving average of $152.70 and a 200 day simple moving average of $168.64. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.45 EPS. Analysts anticipate that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is an increase 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%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Large investors have recently modified their holdings of the stock. Legal Advantage Investments Inc. boosted 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 worth $902,000 after buying an additional 2,375 shares during the period. Ballentine Partners LLC lifted 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 worth $971,000 after acquiring an additional 2,934 shares during the last quarter. Atwood & Palmer Inc. boosted its holdings in shares of D.R. Horton by 1.0% during the fourth quarter. Atwood & Palmer Inc. now owns 231,410 shares of the construction company’s stock worth $32,356,000 after acquiring an additional 2,222 shares during the period. Harbor Investment Advisory LLC grew its position in shares of 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 valued at $384,000 after purchasing an additional 271 shares during the last quarter. Finally, Overbrook Management Corp grew its position in shares of D.R. Horton by 0.5% in the fourth 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 last quarter. 90.63% of the stock is owned by institutional investors.

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.