D.R. Horton (NYSE:DHI) Given New $200.00 Price Target at UBS Group

D.R. Horton (NYSE:DHI) had its price target lifted by UBS Group from $192.00 to $200.00 in a research note published on Friday morning, Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other research analysts have also weighed in on DHI. Royal Bank of Canada raised their price objective on D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research report on Monday, January 22nd. JMP Securities raised their price target on D.R. Horton from $140.00 to $170.00 and gave the stock a market outperform rating in a research note on Wednesday, January 24th. BTIG Research lowered their target price on D.R. Horton from $174.00 to $169.00 and set a buy rating on the stock in a research report on Tuesday. Raymond James lifted their target price on D.R. Horton from $140.00 to $160.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $172.00 and set an outperform rating on the stock in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of Moderate Buy and a consensus target price of $158.06.

D.R. Horton Stock Performance

Shares of DHI stock opened at $142.19 on Friday. The company has a market cap of $47.18 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a quick ratio of 1.20, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $151.91 and a 200-day moving average of $138.67.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter last year, the firm posted $2.73 EPS. D.R. Horton’s revenue was up 14.2% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton will post 14.23 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock worth $4,225,745 over the last 90 days. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently modified their holdings of the company. Evergreen Capital Management LLC lifted its stake in D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after buying an additional 3,489 shares in the last quarter. Voss Capital LLC purchased a new position in D.R. Horton in the 4th quarter valued at about $7,599,000. Los Angeles Capital Management LLC lifted its stake in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after buying an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in D.R. Horton in the 3rd quarter valued at about $218,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after buying an additional 7,600 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.