Citigroup Cuts D. R. Horton (DHI) Price Target to $46.00

D. R. Horton (NYSE:DHI) had its target price reduced by Citigroup from $49.00 to $46.00 in a research report released on Wednesday morning. Citigroup currently has a neutral rating on the construction company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Mizuho reiterated a hold rating and set a $47.00 price objective on shares of D. R. Horton in a research report on Thursday, March 22nd. ValuEngine cut shares of D. R. Horton from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Credit Suisse Group set a $55.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research report on Thursday, April 26th. Wedbush upgraded shares of D. R. Horton from a neutral rating to an outperform rating and lifted their price objective for the company from $43.44 to $50.00 in a research report on Wednesday, March 7th. Finally, Barclays upgraded shares of D. R. Horton from an equal weight rating to an overweight rating and set a $52.00 price objective on the stock in a research report on Monday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $51.44.

D. R. Horton opened at $40.75 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $15.77 billion, a PE ratio of 14.87, a P/E/G ratio of 1.06 and a beta of 1.12. The company has a current ratio of 7.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.39. D. R. Horton has a 1 year low of $33.52 and a 1 year high of $53.32.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.77 billion. D. R. Horton had a net margin of 7.58% and a return on equity of 15.83%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. analysts anticipate that D. R. Horton will post 3.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, May 10th. D. R. Horton’s dividend payout ratio is presently 18.25%.

A number of institutional investors and hedge funds have recently made changes to their positions in DHI. Profund Advisors LLC boosted its stake in D. R. Horton by 14.3% during the fourth quarter. Profund Advisors LLC now owns 9,130 shares of the construction company’s stock worth $466,000 after buying an additional 1,144 shares during the period. Moors & Cabot Inc. boosted its stake in D. R. Horton by 25.3% during the first quarter. Moors & Cabot Inc. now owns 6,516 shares of the construction company’s stock worth $286,000 after buying an additional 1,316 shares during the period. Buckingham Capital Management Inc. boosted its stake in D. R. Horton by 5.0% during the first quarter. Buckingham Capital Management Inc. now owns 29,005 shares of the construction company’s stock worth $1,272,000 after buying an additional 1,390 shares during the period. Cetera Investment Advisers boosted its stake in D. R. Horton by 22.5% during the first quarter. Cetera Investment Advisers now owns 8,927 shares of the construction company’s stock worth $393,000 after buying an additional 1,641 shares during the period. Finally, Next Century Growth Investors LLC boosted its stake in D. R. Horton by 39.1% during the first quarter. Next Century Growth Investors LLC now owns 6,043 shares of the construction company’s stock worth $264,000 after buying an additional 1,699 shares during the period. Institutional investors own 82.70% of the company’s stock.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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