D.R. Horton (NYSE:DHI) Price Target Raised to $153.00 at Jefferies Financial Group

D.R. Horton (NYSE:DHI - Free Report) had its target price raised by Jefferies Financial Group from $141.00 to $153.00 in a report released on Friday morning, Benzinga reports. They currently have a hold rating on the construction company's stock.

A number of other analysts also recently commented on the company. Citigroup increased their price target on D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a research report on Friday, April 5th. JMP Securities increased their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a report on Wednesday, January 24th. Raymond James increased their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a report on Thursday, February 1st. Seaport Res Ptn lowered D.R. Horton from a buy rating to a neutral rating in a report on Monday, January 22nd. Finally, BTIG Research reduced their price objective on D.R. Horton from $174.00 to $169.00 and set a buy rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $158.06.

D.R. Horton Stock Down 2.5 %

DHI traded down $3.69 during midday trading on Friday, reaching $142.19. 3,370,718 shares of the company were exchanged, compared to its average volume of 2,581,138. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The company's fifty day moving average price is $151.91 and its 200 day moving average price is $138.67. The company has a market cap of $47.18 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. D.R. Horton has a one year low of $100.08 and a one year high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. D.R. Horton's revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $2.73 earnings per share. As a group, analysts expect that D.R. Horton will post 14.24 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton's dividend payout ratio is currently 8.63%.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company's stock, valued at approximately $809,419. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,197 shares of company stock worth $4,225,745. Company insiders own 1.74% of the company's stock.

Institutional Trading of D.R. Horton

A number of hedge funds have recently made changes to their positions in the stock. First Trust Direct Indexing L.P. boosted its position in shares of D.R. Horton by 7.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 8,531 shares of the construction company's stock worth $1,404,000 after purchasing an additional 605 shares in the last quarter. DMC Group LLC raised its holdings in D.R. Horton by 4.5% in the 1st quarter. DMC Group LLC now owns 3,061 shares of the construction company's stock worth $504,000 after acquiring an additional 132 shares during the last quarter. Norden Group LLC purchased a new position in D.R. Horton in the 1st quarter worth approximately $449,000. Valley National Advisers Inc. raised its holdings in D.R. Horton by 109.5% in the 1st quarter. Valley National Advisers Inc. now owns 884 shares of the construction company's stock worth $145,000 after acquiring an additional 462 shares during the last quarter. Finally, Carret Asset Management LLC raised its holdings in D.R. Horton by 7.4% in the 1st quarter. Carret Asset Management LLC now owns 22,967 shares of the construction company's stock worth $3,779,000 after acquiring an additional 1,580 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

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.