D.R. Horton (NYSE:DHI) Price Target Lowered to $176.00 at Barclays

D.R. Horton (NYSE:DHI) had its target price cut by research analysts at Barclays from $186.00 to $176.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective would indicate a potential upside of 23.78% from the company’s current price.

DHI has been the topic of a number of other research reports. JMP Securities raised their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. Citigroup raised their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada raised their target price 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 set a $130.00 target price on shares of D.R. Horton in a research note on Thursday. Finally, BTIG Research cut their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $142.19 on Friday. The firm’s 50 day moving average price is $151.91 and its 200-day moving average price is $138.92. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75. 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.

D.R. Horton (NYSE:DHI) last released its 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. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business earned $2.73 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts expect that D.R. Horton will post 14.23 EPS for the current year.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were 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 $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were 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 $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s 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 completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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