D.R. Horton’s (DHI) “Underperform” Rating Reiterated at Wedbush

D.R. Horton (NYSE:DHI)‘s stock had its “underperform” rating reiterated by equities research analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $130.00 price objective on the construction company’s stock. Wedbush’s target price indicates a potential downside of 8.57% from the stock’s current price. Wedbush also issued estimates for D.R. Horton’s Q3 2024 earnings at $3.62 EPS, Q4 2024 earnings at $3.93 EPS, Q1 2025 earnings at $2.63 EPS, Q2 2025 earnings at $3.23 EPS and FY2025 earnings at $14.68 EPS.

Other research analysts have also issued research reports about the company. Barclays lifted their price target on D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Raymond James lifted their price target on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. Finally, BTIG Research reduced their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Trading Down 2.5 %

Shares of DHI stock opened at $142.19 on Thursday. The stock’s fifty day moving average is $151.91 and its two-hundred day moving average is $138.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The firm has a market capitalization of $47.18 billion, a P/E ratio of 10.23, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the previous year, the firm earned $2.73 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts expect that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock valued at $4,225,745 in the last three months. 1.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $27,000. Riverview Trust Co purchased a new stake in D.R. Horton during the first quarter worth approximately $30,000. Oakworth Capital Inc. purchased a new stake in D.R. Horton during the fourth quarter worth approximately $38,000. BOKF NA lifted its stake in D.R. Horton by 873.1% during the fourth quarter. BOKF NA now owns 253 shares of the construction company’s stock worth $38,000 after purchasing an additional 227 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new stake in D.R. Horton during the fourth quarter worth approximately $42,000. 90.63% of the stock is owned by institutional investors and hedge funds.

About D.R. Horton

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.