D.R. Horton (NYSE:DHI) Given New $110.00 Price Target at Barclays

D.R. Horton (NYSE:DHI - Free Report) had its price objective cut by Barclays from $120.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the construction company's stock.

DHI has been the topic of several other research reports. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JMP Securities reissued a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Down 1.1 %

DHI traded down $1.35 during trading on Monday, hitting $124.69. The stock had a trading volume of 3,588,150 shares, compared to its average volume of 2,949,679. The stock has a 50 day simple moving average of $125.87 and a two-hundred day simple moving average of $145.10. The company has a market capitalization of $38.30 billion, a PE ratio of 8.81, a PEG ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the business earned $3.52 EPS. On average, research analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.28%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently modified their holdings of DHI. Nemes Rush Group LLC grew its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $30,000. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.