Barclays Cuts D.R. Horton (NYSE:DHI) Price Target to $145.00

D.R. Horton (NYSE:DHI) had its target price decreased by Barclays from $150.00 to $145.00 in a report issued on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Other equities analysts also recently issued reports about the company. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. UBS Group lowered their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lowered their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Citigroup cut their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.53.

D.R. Horton Stock Up 2.3 %

Shares of D.R. Horton stock opened at $147.01 on Wednesday. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. D.R. Horton has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $151.09 and its 200 day moving average is $169.16.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. Research analysts anticipate that D.R. Horton will post 13.97 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.09%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently added to or reduced their stakes in the stock. Nilsine Partners LLC boosted its holdings in shares of D.R. Horton by 6.5% in the 4th quarter. Nilsine Partners LLC now owns 26,742 shares of the construction company’s stock worth $3,739,000 after purchasing an additional 1,628 shares during the period. Foundations Investment Advisors LLC boosted its stake in D.R. Horton by 10.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,416 shares of the construction company’s stock worth $617,000 after buying an additional 401 shares during the period. Pacer Advisors Inc. increased its position in D.R. Horton by 64.3% during the fourth quarter. Pacer Advisors Inc. now owns 35,747 shares of the construction company’s stock valued at $4,998,000 after acquiring an additional 13,993 shares during the last quarter. Blue Trust Inc. increased its position in D.R. Horton by 15.0% during the fourth quarter. Blue Trust Inc. now owns 8,656 shares of the construction company’s stock valued at $1,210,000 after acquiring an additional 1,128 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of D.R. Horton by 2.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 59,245 shares of the construction company’s stock valued at $8,281,000 after acquiring an additional 1,546 shares during the period. 90.63% of the stock is owned by institutional investors.

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.