UBS Group Increases D.R. Horton (NYSE:DHI) Price Target to $187.00

D.R. Horton (NYSE:DHI) had its price objective hoisted by equities research analysts at UBS Group from $176.00 to $187.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective would suggest a potential upside of 29.06% from the stock’s previous close.

Several other equities analysts also recently weighed in on DHI. BTIG Research decreased their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JMP Securities cut their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Wedbush boosted their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group dropped their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Barclays reduced their price objective on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $153.23.

D.R. Horton Trading Down 2.2%

DHI stock opened at $144.89 on Wednesday. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $199.85. The business’s 50-day moving average is $127.61 and its 200 day moving average is $129.17. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 3.26 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton will post 13.04 EPS for the current fiscal year.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in the stock. Nemes Rush Group LLC raised its position in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the period. Horizon Investments LLC grew its stake in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock valued at $708,000 after buying an additional 83 shares in the last quarter. Franchise Capital Ltd raised its holdings in shares of D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after buying an additional 85 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock valued at $1,221,000 after buying an additional 89 shares during the period. Finally, Blair William & Co. IL lifted its stake in D.R. Horton by 0.3% during the 4th quarter. Blair William & Co. IL now owns 36,782 shares of the construction company’s stock worth $5,143,000 after acquiring an additional 95 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.