Wells Fargo & Company Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price target decreased by research analysts at Wells Fargo & Company from $155.00 to $147.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.43% from the company’s previous close.

A number of other research analysts have also weighed in on the company. BTIG Research set a $182.00 target price on D.R. Horton in a report on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a report on Tuesday, January 13th. Argus boosted their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Barclays decreased their target price on D.R. Horton from $129.00 to $128.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Truist Financial set a $155.00 target price on D.R. Horton and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $159.33.

D.R. Horton Trading Up 0.6%

Shares of D.R. Horton stock opened at $143.51 on Wednesday. D.R. Horton has a 12-month low of $114.17 and a 12-month high of $184.54. The stock has a market cap of $41.57 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.22 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $149.46 and its 200-day moving average is $151.93.

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

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, 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 at this hyperlink. 0.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Hemington Wealth Management increased its position in D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after buying an additional 64 shares during the period. Apella Capital LLC increased its position in D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after buying an additional 69 shares during the period. Mutual Advisors LLC increased its position in D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after buying an additional 70 shares during the period. First Manhattan CO. LLC. increased its position in D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares during the period. Finally, Physician Wealth Advisors Inc. increased its position in D.R. Horton by 17.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after buying an additional 71 shares during the period. 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.