D.R. Horton (NYSE:DHI) Given New $188.00 Price Target at JPMorgan Chase & Co.

D.R. Horton (NYSE:DHI) had its price target raised by JPMorgan Chase & Co. from $180.00 to $188.00 in a report released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the construction company’s stock.

DHI has been the topic of a number of other reports. BTIG Research decreased their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Barclays dropped their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Bank of America increased their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Citigroup lowered their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $185.87.

D.R. Horton Stock Down 3.8 %

Shares of NYSE DHI opened at $166.70 on Monday. The stock has a market capitalization of $54.32 billion, a P/E ratio of 11.61, a PEG ratio of 0.56 and a beta of 1.74. D.R. Horton has a one year low of $118.07 and a one year high of $199.85. The firm’s 50 day simple moving average is $185.40 and its two-hundred day simple moving average is $165.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business earned $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that D.R. Horton will post 15.64 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.36%.

D.R. Horton declared that its board has authorized a share buyback plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new position in D.R. Horton in the 3rd quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton during the first quarter valued at approximately $29,000. Bfsg LLC increased its position in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the last quarter. 90.63% of the stock is 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.