D.R. Horton (NYSE:DHI) Price Target Lowered to $175.00 at Wells Fargo & Company

D.R. Horton (NYSE:DHI - Free Report) had its target price trimmed by Wells Fargo & Company from $190.00 to $175.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the construction company's stock.

Several other research analysts also recently weighed in on DHI. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. Wedbush upgraded D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price target on the stock in a research note on Tuesday, October 15th. Bank of America increased their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Evercore ISI dropped their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average price target of $179.60.

D.R. Horton Stock Down 0.6 %

Shares of D.R. Horton stock traded down $0.88 during trading on Tuesday, hitting $146.73. 3,904,461 shares of the stock traded hands, compared to its average volume of 2,525,601. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm has a market cap of $47.13 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. The stock's fifty day simple moving average is $169.49 and its 200 day simple moving average is $169.16.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.45 EPS. On average, equities analysts predict that D.R. Horton will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. D.R. Horton's dividend payout ratio is presently 11.14%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently modified their holdings of the company. Bfsg LLC lifted its position in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after buying an additional 74 shares in the last quarter. Coastline Trust Co acquired a new position in D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust increased its stake in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after purchasing an additional 93 shares in the last quarter. 90.63% of the stock is 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.