D.R. Horton (NYSE:DHI) Stock Gets Price Target Cut from Citigroup

D.R. Horton (NYSE:DHI) had its price target trimmed by Citigroup from $160.00 to $150.00 in a research note published on Thursday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other brokerages have also weighed in on DHI. Barclays decreased their price target on shares of D.R. Horton from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Morgan Stanley started coverage on D.R. Horton in a research note on Thursday, October 1st. They set an “equal weight” rating and a $151.00 price objective for the company. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. The Goldman Sachs Group reissued a “buy” rating and set a $182.00 target price on shares of D.R. Horton in a report on Monday, October 12th. Finally, Truist Financial decreased their target price on D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $156.36.

D.R. Horton Stock Performance

DHI opened at $139.20 on Thursday. The firm’s fifty day simple moving average is $141.57 and its two-hundred day simple moving average is $146.42. D.R. Horton has a 52-week low of $130.40 and a 52-week high of $170.79. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 2.16 and a beta of 1.35. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the company earned $3.36 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts anticipate that D.R. Horton will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is presently 17.13%.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds have recently modified their holdings of DHI. Cornerstone Planning Group LLC lifted its stake in shares of D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after buying an additional 72 shares in the last quarter. William Allan Corp boosted its position in D.R. Horton by 0.3% during the third quarter. William Allan Corp now owns 27,548 shares of the construction company’s stock worth $3,764,000 after acquiring an additional 77 shares during the last quarter. Values First Advisors Inc. grew its stake in D.R. Horton by 1.6% during the 1st quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company’s stock valued at $707,000 after acquiring an additional 80 shares in the last quarter. GC Wealth Management RIA LLC grew its stake in D.R. Horton by 0.7% during the 1st quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company’s stock valued at $1,571,000 after acquiring an additional 81 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its stake in D.R. Horton by 3.0% during the 2nd quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company’s stock valued at $505,000 after acquiring an additional 91 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.