Royal Bank of Canada Boosts D.R. Horton (NYSE:DHI) Price Target to $154.00

D.R. Horton (NYSE:DHI) had its target price increased by Royal Bank of Canada from $141.00 to $154.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an underperform rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. BTIG Research lowered their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. Citigroup downgraded shares of D.R. Horton from a buy rating to a neutral rating and lowered their price objective for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Barclays lowered their price objective on shares of D.R. Horton from $176.00 to $168.00 and set an overweight rating for the company in a research report on Friday, July 12th. Finally, Evercore ISI increased their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an outperform rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $169.40.

D.R. Horton Stock Up 0.2 %

Shares of NYSE:DHI opened at $173.84 on Friday. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $177.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.38 and a current ratio of 7.22. The company has a market capitalization of $57.25 billion, a PE ratio of 11.83, a PEG ratio of 0.86 and a beta of 1.71. The company has a 50 day moving average price of $145.35 and a two-hundred day moving average price of $148.31.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the firm earned $3.90 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts forecast that D.R. Horton will post 14.39 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares during the period. Greenhaven Associates Inc. increased its position in D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after acquiring an additional 81,900 shares during the period. Norges Bank bought a new position in D.R. Horton during the fourth quarter worth about $516,530,000. Pacer Advisors Inc. increased its position in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares during the period. Finally, Franklin Resources Inc. increased its position in D.R. Horton by 12.5% during the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after acquiring an additional 260,864 shares during the period. 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.