D.R. Horton (NYSE:DHI) Given New $200.00 Price Target at UBS Group

D.R. Horton (NYSE:DHI) had its target price increased by research analysts at UBS Group from $192.00 to $200.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 40.66% from the stock’s previous close.

A number of other equities analysts have also commented on DHI. BTIG Research decreased their price target 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, April 16th. Citigroup increased their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, JMP Securities increased their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Two investment 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, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Performance

NYSE DHI opened at $142.19 on Friday. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.20. The stock has a market capitalization of $47.18 billion, a PE ratio of 9.68, a P/E/G ratio of 0.72 and a beta of 1.64. The company’s 50 day simple moving average is $151.91 and its two-hundred day simple moving average is $138.92.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.73 EPS. 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 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 owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the 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 owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 in the last quarter. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of D.R. Horton by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock worth $2,675,130,000 after purchasing an additional 406,429 shares during the period. State Street Corp lifted its position in shares of D.R. Horton by 3.6% in the 1st quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock worth $1,339,558,000 after purchasing an additional 480,247 shares during the period. Geode Capital Management LLC lifted its position in shares of D.R. Horton by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock worth $635,060,000 after purchasing an additional 45,030 shares during the period. Invesco Ltd. lifted its position in shares of D.R. Horton by 17.0% in the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after purchasing an additional 694,155 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of D.R. Horton by 101,707.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after purchasing an additional 4,364,275 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.