Barclays Cuts D.R. Horton (NYSE:DHI) Price Target to $120.00

D.R. Horton (NYSE:DHI - Free Report) had its price objective reduced by Barclays from $145.00 to $120.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the construction company's stock.

Several other research analysts have also recently issued reports on DHI. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and a consensus target price of $169.14.

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D.R. Horton Stock Up 1.6 %

Shares of D.R. Horton stock traded up $1.87 during trading on Tuesday, reaching $119.74. 3,642,476 shares of the company traded hands, compared to its average volume of 2,904,602. The firm has a market capitalization of $37.73 billion, a PE ratio of 8.46, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a 50 day moving average price of $127.68 and a 200-day moving average price of $149.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The business's quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. D.R. Horton's payout ratio is currently 11.31%.

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after purchasing an additional 120,892 shares during the last quarter. Stifel Financial Corp raised its position in shares of D.R. Horton by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 111,397 shares of the construction company's stock valued at $21,253,000 after buying an additional 6,804 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in D.R. Horton by 98.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 8,266 shares of the construction company's stock valued at $1,577,000 after purchasing an additional 4,098 shares in the last quarter. EP Wealth Advisors LLC lifted its position in D.R. Horton by 7.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 7,917 shares of the construction company's stock worth $1,510,000 after buying an additional 572 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $209,000. 90.63% of the stock is currently owned by hedge funds and other 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.