Keefe, Bruyette & Woods Has Lowered Expectations for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $165.00 to $135.00 in a report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the construction company's stock.

DHI has been the topic of a number of other research reports. JMP Securities cut their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company cut their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays decreased their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton Trading Down 1.1 %

Shares of NYSE:DHI traded down $1.35 during trading on Tuesday, reaching $124.69. The company's stock had a trading volume of 3,588,150 shares, compared to its average volume of 2,949,679. The stock has a market capitalization of $38.30 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm's 50 day simple moving average is $125.87 and its two-hundred day simple moving average is $144.82.

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 (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the business earned $3.52 earnings per share. On average, research analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Institutional Trading of D.R. Horton

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

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.