D.R. Horton (NYSE:DHI) PT Lowered to $141.00

D.R. Horton (NYSE:DHI) had its price target lowered by investment analysts at Royal Bank of Canada from $142.00 to $141.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “underperform” rating on the construction company’s stock. Royal Bank of Canada’s price target indicates a potential downside of 0.84% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Barclays lowered their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday. Keefe, Bruyette & Woods lowered their price objective on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Citigroup lifted their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. Jefferies Financial Group lifted their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday. Finally, Wedbush reiterated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Stock Performance

NYSE DHI opened at $142.19 on Friday. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The business’s 50-day moving average price is $151.91 and its 200 day moving average price is $138.92. The firm has a market cap of $47.18 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company 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 company earned $2.73 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts expect that D.R. Horton will post 14.23 earnings per share for the current year.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on 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 in the company, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton 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 sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction dated 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 directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in DHI. Fairfield Bush & CO. purchased a new stake in D.R. Horton during the first quarter valued at about $28,000. American Century Companies Inc. boosted its position in shares of D.R. Horton by 13.9% in the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after buying an additional 2,771 shares during the period. Panagora Asset Management Inc. boosted its position in shares of D.R. Horton by 10.7% in the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock worth $751,000 after buying an additional 973 shares during the period. Sei Investments Co. boosted its position in shares of D.R. Horton by 21.1% in the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock worth $22,425,000 after buying an additional 52,320 shares during the period. Finally, Prudential PLC purchased a new stake in shares of D.R. Horton in the first quarter worth about $560,000. Hedge funds and other 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.