UBS Group Boosts D.R. Horton (NYSE:DHI) Price Target to $200.00

D.R. Horton (NYSE:DHI) had its price target increased by UBS Group from $192.00 to $200.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Seaport Res Ptn lowered shares of D.R. Horton from a buy rating to a neutral rating in a report on Monday, January 22nd. JMP Securities increased 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. Wedbush reissued an underperform rating and set a $130.00 price objective on shares of D.R. Horton in a report on Thursday. Citigroup raised their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada raised their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of Moderate Buy and a consensus price target of $158.06.

D.R. Horton Trading Down 2.5 %

Shares of DHI stock opened at $142.19 on Friday. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The stock has a market cap of $47.18 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 7.35. The firm has a fifty day moving average of $151.91 and a 200-day moving average of $138.67.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the prior year, the company posted $2.73 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton will post 14.23 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 Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently added to or reduced their stakes in DHI. Moneta Group Investment Advisors LLC lifted its stake in D.R. Horton by 101,707.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after buying an additional 4,364,275 shares during the period. Norges Bank acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $516,530,000. Goldman Sachs Group Inc. raised its position in shares of D.R. Horton by 41.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,909,230 shares of the construction company’s stock worth $442,145,000 after purchasing an additional 845,745 shares during the period. Barclays PLC raised its position in shares of D.R. Horton by 72.0% during the fourth quarter. Barclays PLC now owns 1,723,287 shares of the construction company’s stock worth $261,902,000 after purchasing an additional 721,292 shares during the period. Finally, Invesco Ltd. raised its position in shares of D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after purchasing an additional 694,155 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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.