Wells Fargo & Company Increases D.R. Horton (NYSE:DHI) Price Target to $190.00

Key Points

• Wells Fargo & Company has raised its price target for D.R. Horton stock from $175.00 to $190.00, indicating a potential upside of approximately 13.02%.
• Other analysts, including UBS Group and Keefe, Bruyette & Woods, have also increased their price targets, with D.R. Horton currently holding an average rating of "Hold".
• D.R. Horton reported a quarterly earnings of $3.36 per share, surpassing expectations, though its revenue was down 7.4% year-over-year at $9.23 billion.

D.R. Horton (NYSE:DHI - Free Report) had its price target increased by Wells Fargo & Company from $175.00 to $190.00 in a report published on Tuesday, Marketbeat Ratings reports. The firm currently has an overweight rating on the construction company's stock.

DHI has been the subject of a number of other reports. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Wedbush raised their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. UBS Group raised their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average target price of $154.38.

D.R. Horton Price Performance

Shares of DHI traded up $4.99 during trading hours on Tuesday, reaching $181.68. The stock had a trading volume of 3,748,481 shares, compared to its average volume of 3,557,427. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market capitalization of $54.16 billion, a PE ratio of 14.57, a PEG ratio of 3.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The company's 50-day moving average is $151.59 and its two-hundred day moving average is $133.92.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS 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 company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the company earned $4.10 EPS. D.R. Horton's revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts expect that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

Institutional Trading of D.R. Horton

A number of large investors have recently bought and sold shares of the business. Reynders McVeigh Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter worth about $206,000. Osaic Holdings Inc. grew its stake in shares of D.R. Horton by 101.9% in the 2nd quarter. Osaic Holdings Inc. now owns 60,722 shares of the construction company's stock valued at $7,787,000 after buying an additional 30,645 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of D.R. Horton by 5.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 31,061 shares of the construction company's stock valued at $4,004,000 after buying an additional 1,731 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of D.R. Horton by 42.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 776,070 shares of the construction company's stock valued at $100,048,000 after buying an additional 229,597 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at about $296,000. 90.63% of the stock is currently 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.