D.R. Horton (NYSE:DHI) Given New $150.00 Price Target at The Goldman Sachs Group

D.R. Horton (NYSE:DHI) had its price target lowered by The Goldman Sachs Group from $173.00 to $150.00 in a research report report published on Tuesday. The firm currently has a buy rating on the construction company’s stock.

DHI has been the subject of several other research reports. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup cut their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $162.21.

D.R. Horton Stock Up 3.2 %

Shares of D.R. Horton stock opened at $121.29 on Tuesday. The firm’s 50 day moving average price is $126.59 and its 200-day moving average price is $147.76. The company has a market cap of $38.22 billion, a P/E ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the company earned $3.52 earnings per share. On average, sell-side analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently made changes to their positions in the business. Golden State Equity Partners grew its holdings in D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after purchasing an additional 3,171 shares in the last quarter. Pensionfund Sabic raised its holdings in D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Park Avenue Securities LLC boosted its stake in D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after acquiring an additional 2,767 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in D.R. Horton during the 3rd quarter worth $713,000. Finally, Park National Corp OH increased its position in shares of D.R. Horton by 8.9% in the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company’s stock worth $29,756,000 after purchasing an additional 17,441 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.