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

D.R. Horton (NYSE:DHI - Free Report) had its target price cut by The Goldman Sachs Group from $200.00 to $171.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other research firms also recently commented on DHI. Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Bank of America raised their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Citigroup decreased their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $176.53.

D.R. Horton Stock Up 3.3 %

D.R. Horton stock traded up $4.54 during midday trading on Tuesday, hitting $142.94. 3,404,454 shares of the stock were exchanged, compared to its average volume of 3,051,426. The stock has a market capitalization of $45.91 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $153.12 and its 200-day moving average price is $168.80. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for 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%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.45 earnings per share. On average, research analysts expect that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.12%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.74% of the company's stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors have recently bought and sold shares of the stock. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $72,672,000. Nordea Investment Management AB raised its holdings in shares of D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock valued at $57,255,000 after acquiring an additional 215,947 shares in the last quarter. Finally, KBC Group NV lifted its stake in D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after acquiring an additional 212,112 shares during the period. 90.63% of the stock is currently 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.