Wells Fargo & Company Cuts D.R. Horton (NYSE:DHI) Price Target to $155.00

D.R. Horton (NYSE:DHIFree Report) had its target price cut by Wells Fargo & Company from $170.00 to $155.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

A number of other equities research analysts have also commented on the company. Truist Financial upped their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $166.92.

Check Out Our Latest Report on DHI

D.R. Horton Stock Performance

Shares of DHI stock opened at $146.00 on Tuesday. The business has a fifty day moving average of $151.70 and a 200 day moving average of $150.02. D.R. Horton has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a market capitalization of $40.84 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.37.

D.R. Horton (NYSE:DHIGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $3.36 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DHI. Integrated Wealth Concepts LLC lifted its stake in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. increased its holdings in D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton in the second quarter worth about $302,000. Brown Advisory Inc. raised its position in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

About D.R. Horton

(Get Free Report)

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

Recommended Stories

Analyst Recommendations for D.R. Horton (NYSE:DHI)

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.