D.R. Horton (NYSE:DHI) Price Target Lowered to $145.00 at Barclays

D.R. Horton (NYSE:DHI) had its price objective dropped by equities research analysts at Barclays from $150.00 to $145.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price suggests a potential upside of 0.97% from the stock’s previous close.

DHI has been the topic of a number of other reports. BTIG Research decreased their price objective on shares of 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. Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $175.87.

D.R. Horton Stock Performance

NYSE DHI opened at $143.61 on Wednesday. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The firm has a 50-day moving average price of $151.46 and a two-hundred day moving average price of $169.11. The company has a market capitalization of $46.08 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7,120,170 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 EPS. Analysts anticipate that D.R. Horton will post 13.97 earnings per share for the current year.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. increased its position in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares in the last quarter. Covestor Ltd grew its stake in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after acquiring an additional 66 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 72 shares during the period. Finally, Demars Financial Group LLC lifted its holdings in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 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.