D.R. Horton (NYSE:DHI) Price Target Increased to $154.00 by Analysts at Royal Bank of Canada

D.R. Horton (NYSE:DHI) had its target price hoisted by Royal Bank of Canada from $141.00 to $154.00 in a research report released on Friday morning, Benzinga reports. They currently have an underperform rating on the construction company’s stock.

A number of other equities analysts also recently issued reports on the stock. Bank of America cut their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a buy rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an outperform rating in a report on Tuesday, May 7th. Barclays cut their price target on shares of D.R. Horton from $176.00 to $168.00 and set an overweight rating on the stock in a report on Friday, July 12th. Jefferies Financial Group boosted their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a hold rating in a report on Friday, April 19th. Finally, JMP Securities boosted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a market outperform rating in a report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $169.40.

D.R. Horton Price Performance

DHI opened at $173.84 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.38. The company has a market capitalization of $57.25 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.86 and a beta of 1.71. The firm’s fifty day moving average price is $145.35 and its two-hundred day moving average price is $148.31. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $177.47.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.90 EPS. As a group, analysts anticipate that D.R. Horton will post 14.39 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Values First Advisors Inc. increased its position in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after buying an additional 66 shares during the period. Everpar Advisors LLC increased its position in shares of D.R. Horton by 4.4% during the second quarter. Everpar Advisors LLC now owns 1,669 shares of the construction company’s stock valued at $235,000 after buying an additional 71 shares during the period. First Horizon Advisors Inc. increased its position in shares of D.R. Horton by 5.3% during the second quarter. First Horizon Advisors Inc. now owns 1,417 shares of the construction company’s stock valued at $200,000 after buying an additional 71 shares during the period. Legal Advantage Investments Inc. increased its position in shares of D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after purchasing an additional 75 shares during the last quarter. Finally, First Hawaiian Bank increased its position in shares of D.R. Horton by 0.5% in the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after purchasing an additional 75 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

About D.R. Horton

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.