D.R. Horton (NYSE:DHI) Price Target Cut to $160.00 by Analysts at Wells Fargo & Company

D.R. Horton (NYSE:DHI - Free Report) had its price objective decreased by Wells Fargo & Company from $175.00 to $160.00 in a report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company's stock.

Several other brokerages also recently commented on DHI. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush restated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Royal Bank of Canada reiterated an "underperform" rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Barclays dropped their price objective on shares of D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $162.21.

D.R. Horton Stock Performance

DHI traded up $3.75 on Monday, reaching $121.29. The company had a trading volume of 6,395,720 shares, compared to its average volume of 2,916,263. The company's fifty day moving average is $126.41 and its 200 day moving average is $147.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market cap of $38.22 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period last year, the firm posted $3.52 EPS. As a group, analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. D.R. Horton's dividend payout ratio is currently 11.31%.

Institutional Trading of D.R. Horton

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in D.R. Horton by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after acquiring an additional 127,606 shares in the last quarter. Norges Bank bought a new stake in shares of D.R. Horton during the 4th quarter worth $593,363,000. Franklin Resources Inc. boosted its stake in D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after purchasing an additional 72,161 shares during the period. Finally, Northern Trust Corp lifted its position in shares of D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after buying an additional 460,804 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

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.