D.R. Horton (NYSE:DHI) Given New $203.00 Price Target at UBS Group

D.R. Horton (NYSE:DHI) had its price target lowered by research analysts at UBS Group from $214.00 to $203.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s target price would indicate a potential upside of 48.75% from the company’s current price.

Other analysts have also recently issued research reports about the company. Bank of America raised their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI decreased their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.67.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $1.37 during mid-day trading on Wednesday, reaching $136.47. The company had a trading volume of 163,562 shares, compared to its average volume of 2,188,431. The company has a 50-day moving average price of $156.17 and a two-hundred day moving average price of $168.87. The stock has a market cap of $43.78 billion, a PE ratio of 9.50, a P/E/G ratio of 0.57 and a beta of 1.75. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.45 earnings per share. On average, equities analysts anticipate that D.R. Horton will post 14.17 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new position in D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC increased its position in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $72,672,000. Nordea Investment Management AB boosted its holdings in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares during the last quarter. Finally, KBC Group NV raised its position in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.