D.R. Horton (NYSE:DHI) Given New $188.00 Price Target at JPMorgan Chase & Co.

D.R. Horton (NYSE:DHI - Free Report) had its price target boosted by JPMorgan Chase & Co. from $180.00 to $188.00 in a report released on Monday, Benzinga reports. The firm currently has a neutral rating on the construction company's stock.

Several other research analysts have also recently issued reports on DHI. Royal Bank of Canada cut their target price on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Barclays dropped their price target on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group dropped their price target on D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Citigroup dropped their price target on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $185.87.

D.R. Horton Price Performance

Shares of DHI stock traded up $3.10 during trading on Monday, hitting $170.74. The company had a trading volume of 3,411,316 shares, compared to its average volume of 2,495,277. The company has a quick ratio of 1.30, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average is $186.47 and its two-hundred day moving average is $165.58. The stock has a market capitalization of $55.63 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. D.R. Horton has a 52 week low of $116.22 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the company posted $4.45 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts predict that D.R. Horton will post 15.74 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, November 12th. D.R. Horton's payout ratio is presently 11.14%.

D.R. Horton declared that its board has approved a share buyback program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Institutional Trading of D.R. Horton

Several hedge funds have recently modified their holdings of DHI. Wolverine Asset Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $382,000. Ashton Thomas Securities LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $50,000. River Global Investors LLP grew its position in D.R. Horton by 4.4% in the 3rd quarter. River Global Investors LLP now owns 11,006 shares of the construction company's stock valued at $2,099,000 after acquiring an additional 462 shares during the last quarter. Meritage Portfolio Management bought a new position in D.R. Horton in the 3rd quarter valued at $206,000. Finally, Legacy Capital Wealth Partners LLC grew its position in D.R. Horton by 77.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 3,394 shares of the construction company's stock valued at $647,000 after acquiring an additional 1,484 shares during the last quarter. 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.