Evercore ISI Lowers D.R. Horton (NYSE:DHI) Price Target to $204.00

D.R. Horton (NYSE:DHI) had its price objective trimmed by Evercore ISI from $218.00 to $204.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on DHI. Barclays boosted their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company cut their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, UBS Group boosted their target price on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average price target of $185.33.

D.R. Horton Trading Down 0.8 %

Shares of D.R. Horton stock opened at $167.64 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a market cap of $54.62 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.57 and a beta of 1.72. The business has a fifty day simple moving average of $186.47 and a 200-day simple moving average of $165.44. D.R. Horton has a fifty-two week low of $111.59 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.45 EPS. On average, equities analysts forecast that D.R. Horton will post 15.87 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be given a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 8.36%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. RiverPark Advisors LLC acquired a new position in D.R. Horton in the 1st quarter worth about $29,000. Bfsg LLC boosted its stake in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares in the last quarter. Finally, Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton during the 2nd 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.