D.R. Horton (NYSE:DHI) PT Raised to $160.00 at Raymond James

D.R. Horton (NYSE:DHIFree Report) had its target price lifted by Raymond James from $140.00 to $160.00 in a research note released on Thursday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other equities analysts have also weighed in on DHI. JMP Securities boosted their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a report on Wednesday, January 24th. Barclays boosted their target price on shares of D.R. Horton from $143.00 to $166.00 and gave the company an overweight rating in a research note on Wednesday, December 13th. UBS Group boosted their target price on shares of D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an outperform rating for the company in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of Moderate Buy and an average price target of $148.65.

Get Our Latest Stock Analysis on D.R. Horton

D.R. Horton Stock Performance

Shares of DHI opened at $146.89 on Thursday. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $145.23 and its 200-day moving average price is $126.39. D.R. Horton has a 52 week low of $89.05 and a 52 week high of $157.93. The stock has a market cap of $48.74 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.83 and a beta of 1.64.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the firm earned $2.76 earnings per share. D.R. Horton’s revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton will post 14.19 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 1,213 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $153.00, for a total transaction of $185,589.00. Following the completion of the transaction, the senior vice president now owns 5,103 shares of the company’s stock, valued at approximately $780,759. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, SVP Aron M. Odom sold 1,213 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $153.00, for a total transaction of $185,589.00. Following the completion of the transaction, the senior vice president now owns 5,103 shares of the company’s stock, valued at approximately $780,759. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 470 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $126.21, for a total transaction of $59,318.70. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $713,086.50. The disclosure for this sale can be found here. Insiders sold 13,431 shares of company stock valued at $2,015,326 in the last 90 days. Insiders own 1.74% of the company’s stock.

Institutional Trading of D.R. Horton

Several hedge funds have recently made changes to their positions in DHI. Clear Street Markets LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $28,000. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton during the 1st quarter valued at about $28,000. Mascoma Wealth Management LLC raised its position in shares of D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $33,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $38,000. 82.12% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

(Get Free Report)

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.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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