D.R. Horton (NYSE:DHI) Price Target Increased to $178.00 by Analysts at Keefe, Bruyette & Woods

D.R. Horton (NYSE:DHI) had its target price increased by Keefe, Bruyette & Woods from $172.00 to $178.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 20.47% from the company’s current price.

A number of other equities analysts have also weighed in on DHI. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. JMP Securities boosted their target price on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Citigroup increased their target price 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 restated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Finally, Barclays cut their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus price target of $158.41.

D.R. Horton Trading Down 2.4 %

NYSE DHI opened at $147.75 on Tuesday. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a market cap of $48.66 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.73 and a beta of 1.66. The business has a 50 day moving average price of $152.32 and a 200-day moving average price of $142.72. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the firm earned $2.73 earnings per share. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton will post 14.31 earnings per share for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DHI. Rise Advisors LLC acquired a new stake in D.R. Horton in the first quarter worth $27,000. RiverPark Advisors LLC acquired a new position in D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the 1st quarter valued at about $30,000. Oakworth Capital Inc. acquired a new stake in shares of D.R. Horton in the fourth quarter worth about $38,000. Finally, Private Wealth Management Group LLC bought a new stake in D.R. Horton during the 4th quarter valued at 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.