D.R. Horton (NYSE:DHI) Price Target Cut to $171.00 by Analysts at The Goldman Sachs Group

D.R. Horton (NYSE:DHI) had its price objective lowered by The Goldman Sachs Group from $200.00 to $171.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

DHI has been the subject of a number of other research reports. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.53.

D.R. Horton Trading Up 3.3 %

D.R. Horton stock opened at $142.94 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The stock has a market cap of $45.86 billion, a P/E ratio of 9.95, a PEG ratio of 0.56 and a beta of 1.75. The firm’s fifty day moving average price is $153.12 and its 200-day moving average price is $168.80.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.45 earnings per share. Equities research analysts forecast that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. D.R. Horton’s payout ratio is presently 11.14%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds have recently made changes to their positions in the business. Coastline Trust Co bought a new stake in D.R. Horton in the third quarter valued at $26,000. Rakuten Securities Inc. lifted its position in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Grove Bank & Trust increased its position in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. Finally, FSA Wealth Management LLC bought a new position in D.R. Horton in the third quarter worth about $47,000. 90.63% of the stock is owned by hedge funds and other 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.