D.R. Horton (NYSE:DHI) Price Target Raised to $215.00 at Bank of America

D.R. Horton (NYSE:DHI) had its target price boosted by Bank of America from $196.00 to $215.00 in a research report released on Thursday morning, Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

DHI has been the topic of several other reports. UBS Group increased their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a buy rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Citigroup downgraded D.R. Horton from a buy rating to a neutral rating and lowered their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an overweight rating in a research note on Monday, August 26th. Finally, StockNews.com downgraded D.R. Horton from a buy rating to a hold rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $183.33.

D.R. Horton Stock Down 2.6 %

DHI opened at $191.89 on Thursday. The company has a market capitalization of $63.19 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $199.85. The business has a 50-day moving average of $180.71 and a 200-day moving average of $159.46.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.90 earnings per share. Equities research analysts forecast that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton announced that its Board of Directors has approved a stock buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of D.R. Horton

A number of large investors have recently bought and sold shares of DHI. Vanguard Group Inc. grew its holdings in shares of D.R. Horton by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after purchasing an additional 2,474,262 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after buying an additional 987,834 shares in the last quarter. Principal Financial Group Inc. grew its stake in D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares during the last quarter. Long Pond Capital LP increased its holdings in shares of D.R. Horton by 438.6% during the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock worth $108,564,000 after buying an additional 537,276 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after acquiring an additional 525,705 shares during the last quarter. 90.63% of the stock is currently 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.