D.R. Horton (NYSE:DHI) Given New $168.00 Price Target at Bank of America

D.R. Horton (NYSE:DHI) had its price target lowered by investment analysts at Bank of America from $182.00 to $168.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Bank of America‘s price objective indicates a potential upside of 18.15% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note 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 stock an “underperform” rating in a research note on Monday, January 22nd. Wedbush restated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research note on Thursday. UBS Group boosted their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Price Performance

NYSE DHI opened at $142.19 on Friday. The company has a quick ratio of 1.20, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $47.18 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a 50 day moving average price of $151.91 and a two-hundred day moving average price of $138.92. D.R. Horton has a 12-month low of $100.08 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 13.39% and a return on equity of 21.32%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.73 earnings per share. As a group, equities analysts predict that D.R. Horton will post 14.23 earnings per share for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock valued at $4,225,745 in the last 90 days. 1.74% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in DHI. Rise Advisors LLC bought a new stake in shares of D.R. Horton in the 1st quarter worth about $27,000. Clear Street Markets LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth about $28,000. Fairfield Bush & CO. bought a new stake in shares of D.R. Horton in the 1st quarter worth about $28,000. Riverview Trust Co bought a new stake in shares of D.R. Horton in the 1st quarter worth about $30,000. Finally, BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $33,000. Institutional investors 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.