Citigroup Boosts D. R. Horton (NYSE:DHI) Price Target to $78.00

D. R. Horton (NYSE:DHI) had its target price raised by Citigroup from $74.00 to $78.00 in a research note published on Thursday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on the stock. Wedbush upped their target price on shares of D. R. Horton from $57.00 to $66.00 and gave the company an outperform rating in a research report on Wednesday, July 15th. Susquehanna Bancshares cut shares of D. R. Horton from a positive rating to a neutral rating and upped their target price for the company from $55.00 to $62.00 in a research report on Tuesday, July 21st. JPMorgan Chase & Co. cut shares of D. R. Horton from an overweight rating to a neutral rating and set a $59.00 target price on the stock. in a research report on Thursday, June 11th. Wells Fargo & Co upped their target price on shares of D. R. Horton from $43.00 to $52.00 and gave the company an overweight rating in a research report on Wednesday, April 29th. Finally, Barclays increased their price target on shares of D. R. Horton from $64.00 to $73.00 and gave the stock an overweight rating in a research report on Wednesday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $65.83.

Shares of DHI traded up $0.11 during mid-day trading on Thursday, reaching $66.16. The stock had a trading volume of 5,067,027 shares, compared to its average volume of 3,657,639. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.82 and a quick ratio of 1.40. D. R. Horton has a 52-week low of $25.51 and a 52-week high of $70.29. The business’s fifty day moving average is $58.15 and its 200 day moving average is $51.69. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.96 and a beta of 1.62.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.42. D. R. Horton had a net margin of 10.82% and a return on equity of 18.53%. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. D. R. Horton’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that D. R. Horton will post 4.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.175 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.06%. D. R. Horton’s payout ratio is 16.32%.

In related news, Director Michael W. Hewatt sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $53.45, for a total transaction of $53,450.00. Following the sale, the director now directly owns 1,000 shares in the company, valued at $53,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.96% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. EPG Wealth Management LLC increased its stake in shares of D. R. Horton by 652.4% during the first quarter. EPG Wealth Management LLC now owns 790 shares of the construction company’s stock worth $27,000 after buying an additional 685 shares during the period. TRUE Private Wealth Advisors increased its stake in D. R. Horton by 94.0% in the first quarter. TRUE Private Wealth Advisors now owns 836 shares of the construction company’s stock valued at $28,000 after purchasing an additional 405 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in D. R. Horton in the second quarter valued at approximately $29,000. Harbor Investment Advisory LLC purchased a new position in D. R. Horton in the first quarter valued at approximately $31,000. Finally, CWM LLC increased its stake in D. R. Horton by 25.1% in the first quarter. CWM LLC now owns 1,061 shares of the construction company’s stock valued at $36,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 83.14% of the company’s stock.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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