D.R. Horton (NYSE:DHI) Shares Gap Down to $137.02

D.R. Horton, Inc. (NYSE:DHI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $137.02, but opened at $134.00. D.R. Horton shares last traded at $135.25, with a volume of 399,801 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DHI shares. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $181.00 to $156.00 in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. UBS Group upped their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Royal Bank of Canada cut their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Finally, Jefferies Financial Group upped their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $156.75.

D.R. Horton Price Performance

The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $44.01 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.70 and a beta of 1.71. The company has a 50 day moving average price of $145.10 and a 200 day moving average price of $148.62.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.90%. D.R. Horton’s payout ratio is presently 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the SEC, which is available through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the business. Legal Advantage Investments Inc. increased its stake in D.R. Horton by 2.5% during the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after purchasing an additional 75 shares in the last quarter. First Hawaiian Bank increased its position in shares of D.R. Horton by 0.5% during the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after acquiring an additional 75 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of D.R. Horton by 2.0% during the first quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock worth $625,000 after acquiring an additional 76 shares during the period. Wealthsource Partners LLC lifted its position in D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after acquiring an additional 78 shares in the last quarter. Finally, FineMark National Bank & Trust boosted its stake in D.R. Horton by 2.0% in the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after purchasing an additional 80 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Company Profile

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.