D.R. Horton (NYSE:DHI) Price Target Raised to $220.00

D.R. Horton (NYSE:DHI) had its price target boosted by Wells Fargo & Company from $210.00 to $220.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

DHI has been the subject of several other reports. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a neutral rating in a report on Tuesday, July 23rd. Barclays boosted their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the company an overweight rating in a research note on Friday, July 19th. Citigroup lowered shares of D.R. Horton from a buy rating to a neutral rating and reduced their target price for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. StockNews.com lowered shares of D.R. Horton from a buy rating to a hold rating in a research note on Thursday, May 23rd. Finally, Bank of America upped their target price on D.R. Horton from $168.00 to $196.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Two 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. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of Hold and a consensus price target of $182.07.

D.R. Horton Trading Up 0.0 %

NYSE DHI opened at $187.57 on Monday. D.R. Horton has a one year low of $100.08 and a one year high of $193.63. The company has a 50-day simple moving average of $164.01 and a 200-day simple moving average of $154.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm has a market capitalization of $61.77 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the business posted $3.90 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton will post 14.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

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

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton during the first quarter worth about $29,000. Bfsg LLC grew its position in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Riverview Trust Co acquired a new stake in D.R. Horton during the first quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the second quarter worth about $31,000. 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.