Barclays Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its target price cut by research analysts at Barclays from $129.00 to $128.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price would indicate a potential downside of 10.81% from the company’s previous close.

Several other research firms also recently weighed in on DHI. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a report on Tuesday, January 13th. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, Argus lifted their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $159.33.

D.R. Horton Stock Up 0.6%

DHI opened at $143.51 on Wednesday. D.R. Horton has a one year low of $114.17 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The stock has a market capitalization of $41.57 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.44. The business’s 50-day simple moving average is $149.46 and its 200-day simple moving average is $151.93.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 EPS. Analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Concord Wealth Partners acquired a new position in shares of D.R. Horton during the 3rd quarter worth $25,000. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton in the third quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new stake in D.R. Horton during the fourth quarter worth about $25,000. Finally, Sound Income Strategies LLC acquired a new position in D.R. Horton during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.