D.R. Horton (NYSE:DHI) PT Lowered to $73.00

D.R. Horton (NYSE:DHIGet Rating) had its target price dropped by research analysts at Wells Fargo & Company from $86.00 to $73.00 in a research note issued on Friday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 19.09% from the stock’s previous close.

DHI has been the subject of several other reports. Barclays reduced their target price on D.R. Horton from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. TheStreet downgraded D.R. Horton from a “b” rating to a “c+” rating in a research note on Tuesday, April 26th. The Goldman Sachs Group cut their target price on D.R. Horton from $120.00 to $83.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Royal Bank of Canada lowered their price target on shares of D.R. Horton from $103.00 to $89.00 in a report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of D.R. Horton from $100.00 to $82.50 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $96.96.

DHI stock opened at $61.30 on Friday. The company has a current ratio of 5.95, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $70.99 and a 200-day moving average price of $83.91. The firm has a market cap of $21.58 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of 0.45 and a beta of 1.58. D.R. Horton has a 1-year low of $60.88 and a 1-year high of $110.45.

D.R. Horton (NYSE:DHIGet Rating) last issued its earnings results on Tuesday, April 26th. The construction company reported $4.03 EPS for the quarter, beating the consensus estimate of $3.37 by $0.66. The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.64 billion. D.R. Horton had a return on equity of 32.22% and a net margin of 16.53%. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $2.53 EPS. On average, analysts forecast that D.R. Horton will post 17.42 earnings per share for the current year.

In related news, Director Barbara K. Allen sold 1,122 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $82.63, for a total transaction of $92,710.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 1,948 shares of the stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total transaction of $132,405.56. Following the sale, the director now directly owns 5,067 shares in the company, valued at $344,403.99. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in DHI. Capital World Investors increased its position in D.R. Horton by 176.2% in the first quarter. Capital World Investors now owns 17,819,619 shares of the construction company’s stock worth $1,327,740,000 after purchasing an additional 11,369,033 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in D.R. Horton in the fourth quarter worth $508,995,000. Norges Bank bought a new stake in D.R. Horton in the fourth quarter worth $359,612,000. Wellington Management Group LLP increased its position in D.R. Horton by 365.3% in the third quarter. Wellington Management Group LLP now owns 3,018,591 shares of the construction company’s stock worth $253,471,000 after purchasing an additional 2,369,876 shares during the last quarter. Finally, Parnassus Investments LLC bought a new position in D.R. Horton during the first quarter valued at $162,667,000. 81.27% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Company Profile (Get Rating)

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 31 states and 98 markets under the names of D.R.

Featured Articles

Stock Target Advisor logo

Analyst Recommendations for D.R. Horton (NYSE:DHI)

Want More Great Investing Ideas?

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.