D.R. Horton (NYSE:DHI) Receives "Underperform" Rating from Wedbush

Wedbush restated their underperform rating on shares of D.R. Horton (NYSE:DHI - Free Report) in a report issued on Thursday morning, Benzinga reports. The firm currently has a $130.00 price objective on the construction company's stock.

A number of other research firms have also weighed in on DHI. Raymond James raised their target price on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a report on Thursday, February 1st. 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. Royal Bank of Canada increased their price target on D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. JMP Securities increased their price target on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a research report on Wednesday, January 24th. Finally, UBS Group increased their price target on D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Two 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $154.00.

D.R. Horton Stock Up 0.1 %

Shares of DHI stock traded up $0.17 during trading hours on Thursday, reaching $145.91. The company had a trading volume of 5,502,571 shares, compared to its average volume of 2,570,038. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The business has a fifty day simple moving average of $151.94 and a 200-day simple moving average of $138.37. The company has a market cap of $48.42 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $0.43. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the company earned $2.73 earnings per share. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts expect that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. D.R. Horton's payout ratio is currently 8.63%.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider now directly owns 773,121 shares of the company's stock, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company's stock, valued at $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction 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 of the company's stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 over the last three months. Company insiders own 1.74% of the company's stock.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in D.R. Horton during the first quarter valued at $27,000. Riverview Trust Co bought a new stake in D.R. Horton during the first quarter valued at $30,000. Oakworth Capital Inc. bought a new stake in D.R. Horton during the fourth quarter valued at $38,000. BOKF NA boosted its stake in D.R. Horton by 873.1% during the fourth quarter. BOKF NA now owns 253 shares of the construction company's stock valued at $38,000 after buying an additional 227 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in D.R. Horton during the fourth quarter worth about $42,000. Institutional investors own 90.63% of the company's stock.

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.