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D.R. Horton (NYSE:DHI) Price Target Raised to $170.00 at Wedbush

D.R. Horton logo with Construction background

D.R. Horton (NYSE:DHI - Free Report) had its target price boosted by Wedbush from $155.00 to $170.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the construction company's stock.

A number of other research firms have also recently commented on DHI. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday. JMP Securities reduced their price objective on 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. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company 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. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $153.23.

Get Our Latest Report on D.R. Horton

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $3.28 during trading on Wednesday, reaching $144.89. 5,062,155 shares of the company traded hands, compared to its average volume of 4,729,618. The company's 50 day moving average is $127.17 and its two-hundred day moving average is $129.13. The firm has a market capitalization of $44.51 billion, a PE ratio of 11.88, a PEG ratio of 3.26 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company posted $4.10 EPS. The company's revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after acquiring an additional 511 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of D.R. Horton by 21.2% in the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock valued at $465,000 after purchasing an additional 582 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of D.R. Horton by 6.5% during the first quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock valued at $270,000 after buying an additional 129 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in D.R. Horton by 34.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company's stock valued at $5,875,000 after buying an additional 11,905 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Company Profile

(Get Free Report)

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.

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